Pluang
OJK & BAPPEBTI Regulated - Moderate TrustPros
- Licensed by multiple Indonesian regulators including OJK (Financial Services Authority) and BAPPEBTI providing regulatory oversight
- Collaborates with Alpaca Securities LLC (US-regulated broker) for US stock trading access
- Low minimum investment requirements starting from Rp10,000 for crypto and $1 for US stocks
- Offers diverse asset selection including 650+ US stocks, 360+ cryptocurrencies, 65+ mutual funds, and gold trading
- Advanced trading features through TradingView integration providing professional charting and analysis tools
- Competitive transaction fees with special rates for Pluang Plus members (0.2% vs 0.3% standard)
- Robust security measures with segregated client funds and partnerships with licensed financial institutions
Cons
- Limited global regulatory coverage - primarily regulated in Indonesia which may not provide same protections as major financial centers
- Product offering primarily focused on Indonesian market with some limitations for international traders
- Customer support may have delayed response times during peak trading hours
- Limited detailed information available about specific trading conditions and fees
- Platform functionality may vary between web and mobile versions with some features restricted to specific versions
Basic Information
User Reviews
Regulation Analysis
Pluang operates under the regulatory framework of Indonesia’s primary financial regulators. The company is registered and supervised by the Financial Services Authority (OJK) and the Commodity Futures Trading Regulatory Agency (BAPPEBTI), ensuring compliance with Indonesian financial regulations. For US stock trading services, Pluang partners with Alpaca Securities LLC, a FINRA-regulated broker in the United States, providing an additional layer of regulatory oversight for these transactions. Client funds are protected through segregation policies, with funds stored in US-based custodian bank BMO Harris (AA- Fitch Rating) for USD transactions. All stock trading transactions are recorded via SITNA and the Jakarta Futures Exchange (JFX), with clearing through the Indonesian Futures Clearing House (KBI). The platform maintains strict compliance with local regulatory requirements, including customer due diligence and anti-money laundering procedures. While the regulatory framework is robust within Indonesia, it’s important to note that protections may differ from those offered by major international regulatory bodies like the FCA or ASIC.
Trading Products
- US Stocks and ETFs: Access to over 650 US-listed stocks and ETFs from major exchanges including NASDAQ and NYSE
- Cryptocurrencies: Trading available on 360+ crypto assets with competitive spreads
- Mutual Funds: Selection of 65+ mutual funds for diversified investment options
- Gold Trading: Physical gold trading with minimum investments starting from Rp10,000
- Stock Derivatives: Access to stock-based derivative products through PT PG Berjangka
- Options Trading: Available with competitive fees and initial promotion periods
- Trading Hours: Follow standard market hours for respective assets – US market hours for stocks, 24/7 for cryptocurrencies
Trading Platforms
Pluang provides a multi-platform trading environment to serve different trader preferences. The Pluang Web Trading platform integrates TradingView’s advanced charting capabilities, offering professional-grade technical analysis tools, multiple indicators, and customizable charts. The platform includes features for asset performance analysis, order monitoring, and trade execution. Mobile trading is available through the Pluang mobile app for both iOS and Android devices, providing full account functionality including trading, deposits/withdrawals, and market monitoring. The mobile platform is designed for user-friendly navigation while maintaining comprehensive trading capabilities. Additional features include watchlist creation, transaction history reporting, and real-time market data. For more advanced traders, the Pro Features package includes multiple watchlist management, predefined watchlists, and enhanced reporting capabilities.
Deposit and Withdrawal
Pluang offers multiple payment options for deposits and withdrawals to accommodate Indonesian investors. Deposits can be made through local bank transfers, which are processed during regular banking hours. The platform maintains low minimum investment thresholds, with crypto and gold trading available from Rp10,000 and US stock trading from $1. For US stock trading, funds are processed through regulated channels including US-based custodian bank BMO Harris. All client funds are segregated from operational accounts for security. Withdrawal requests are processed through the same channels used for deposits, with processing times varying depending on the payment method and asset type. The platform implements standard KYC verification procedures in compliance with Indonesian regulatory requirements, including identity verification and proof of address. Multiple base currencies are supported, with conversion rates applied for international transactions.
Customer Support
Pluang provides customer support through multiple channels including in-app support, email, and web-based assistance. The support team is primarily focused on serving Indonesian clients, with service available in both Indonesian and English. Response times vary depending on inquiry volume and complexity, with priority support available for Pluang Plus members. The platform offers extensive educational resources including trading guides, market analysis, and investment tutorials. Additional support features include a comprehensive FAQ section and regular updates through the platform’s communication channels. For advanced traders, dedicated support is available for technical platform inquiries and trading-related issues. The company maintains active communication through social media channels and provides regular updates on service improvements and new features.
FAQ
Q: Is Pluang a safe and regulated platform for trading?
A: Yes, Pluang operates under the regulation of Indonesia’s OJK (Financial Services Authority) and BAPPEBTI. The platform partners with regulated entities like Alpaca Securities LLC for US stock trading and maintains client funds in segregated accounts at reputable banks. All transactions are recorded through official channels including the Jakarta Futures Exchange and Indonesian Futures Clearing House.
Q: What are the minimum investment requirements?
A: Pluang offers very accessible minimum investment amounts. For cryptocurrency and gold trading, you can start with as little as Rp10,000. US stock trading is available from $1, making it highly accessible for beginner investors. These low minimums are designed to make investment opportunities available to a broad range of investors.
Q: What trading platforms and features are available?
A: Pluang provides web-based trading through Pluang Web Trading, which integrates TradingView charts and analysis tools. The mobile app is available for iOS and Android devices with full trading functionality. Pro Features include multiple watchlists, enhanced reporting, and advanced monitoring tools. All platforms offer real-time market data and secure trading execution.
Q: How are deposits and withdrawals processed?
A: Deposits and withdrawals are processed through local Indonesian banks and regulated channels. For US stock trading, funds are handled through US-based custodian bank BMO Harris. All transactions require proper account verification following KYC procedures. Processing times vary by method but follow standard banking hours for local transactions.