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Pluang

WikiFX | 2025-04-27 17:37

Abstract：Pluang, founded in 2013 and based in Indonesia, is a mobile-first investment platform offering over 1,000 assets including US stocks, ETFs, crypto, gold, mutual funds, options, and futures. It is not regulated either locally or internationally. It mainly targets beginner investors and casual traders with low minimum deposits and an easy-to-use app interface.

Pluang Review Summary
Founded	2013
Registered Country/Region	Indonesia
Regulation	Not regulated
Market Instruments	US Stocks, ETFs, Crypto, Gold, Mutual Funds, Options, Crypto Futures
Demo Account	❌
Leverage	Up to 1:4
Spread	US Stocks transaction fee: 0.30% (regular users) / 0.20% (Pluang Plus)
Trading Platform	Pluang Mobile App, Pluang Web Trading
Min Deposit	Rp10,000
Customer Support	Email (24/7): tanya@pluang.com
	Live Chat (24/7): Available via Pluang App
	Call Center: (021) 8063 0065 (Mon–Fri, 09:00–18:00 WIB, except holidays)

Pluang Information

Pluang, founded in 2013 and based in Indonesia, is a mobile-first investment platform offering over 1,000 assets including US stocks, ETFs, crypto, gold, mutual funds, options, and futures. It is not regulated either locally or internationally. It mainly targets beginner investors and casual traders with low minimum deposits and an easy-to-use app interface.

Pros and Cons

Pros	Cons
Access to a wide range of assets including US stocks and crypto	Not regulated
Low minimum deposit requirement (Rp10,000)	Limited to specific asset classes (no forex or CFDs)
Beginner-friendly mobile and web trading platforms	Leverage fees and transaction costs may apply

Is Pluang Legit?

Pluang is not a regulated broker. It is not regulated by Indonesia's primary financial authorities for securities trading, such as OJK (Otoritas Jasa Keuangan).

According to WHOIS data, the domain pluang.com was registered on August 9, 2013, last updated on August 7, 2024, and will expire on August 9, 2026.

What Can I Trade on Pluang?

Pluang offers access to over 1,000 assets, including 650+ US stocks and ETFs, 360+ crypto assets, 65+ mutual funds, gold, options, and crypto futures.

Tradable Instruments	Supported
Forex	❌
Commodities (Gold)	✅
Crypto	✅
CFD	❌
Indexes	❌
Stock	✅
ETF	✅
Mutual Funds	✅
Options	✅
Crypto Futures	✅

Account Types

Pluang offers two main account types: the Standard Account and the Pro Features Account. There is no Demo Account available and no Islamic (Swap-Free) Account option.

Account Type	Available	Best For	Key Features
Standard Account	✅	Beginners and casual investors	Access to US stocks, crypto, gold, mutual funds, simple trading
Pro Features Account	✅	Active and professional traders	Advanced Orders, Crypto Order Book, Watchlists, Screeners

Leverage

Pluang offers up to 4× leverage on over 650+ US stocks and ETFs, allowing traders to multiply their buying power and potentially maximize returns within a shorter time frame. While leverage can amplify profits, it also increases potential losses.

Pluang Fees

Pluangs trading fees are relatively low compared to industry standards, especially for US stocks and ETFs. While the platform charges modest transaction fees, there are additional regulatory charges and daily leverage fees that users need to consider, particularly for leveraged and options trading.

Product	Spreads/Fees
US Stocks & ETFs	0.30% transaction fee (regular users) / 0.20% (Pluang Plus members)
Dividend Tax	15% for unleveraged stocks, 30% for leveraged stocks
Daily Leverage Fee	0.023% per day (8.25% p.a.) for regular users, 0.015% per day (5.25% p.a.) for Pluang Plus members
Crypto, Mutual Funds, Gold, Options	Fees not fully detailed, regulatory fees apply for options

Non-Trading Fees

Non-Trading Fees	Details
Deposit Fee	Direct BCA Transfer: Free
Virtual Account: Free if ≥ Rp500,000; Rp3,000 if < Rp500,000
E-Wallet: 1.5% fee
Withdrawal Fee	First transaction per month: Free
Second and onward: Rp4,500 per transaction
Inactivity Fee	Not mentioned
Foreign Exchange Fee	0.25% conversion fee for IDR to USD and vice versa, plus market spread (variable based on time and liquidity)

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for what kind of traders
Pluang Mobile App	✔	Android, iOS smartphones/tablets	Beginner and casual traders, mobile-first users
Pluang Web Trading	✔	PC, Mac (Web Browser)	Traders needing larger screens and chart analysis
MetaTrader 4 (MT4)	❌	–	–
MetaTrader 5 (MT5)	❌	–	–

Deposit and Withdrawal

Pluang generally does not charge a deposit fee for large transactions, but small deposits via Virtual Account or E-Wallet incur a fee.

Withdrawals are free for the first time each month, and a small fee (Rp4,500) is charged from the second withdrawal onwards.

The minimum deposit is Rp10,000, and the minimum withdrawal is Rp10,000.

Deposit Options

Deposit Method	Min. Deposit	Fees	Processing Time
Direct BCA Transfer	Rp500,000	Free	Real-time to 1 business day
Virtual Account (VA)	Rp10,000	Free if ≥ Rp500,000; Rp3,000 if < Rp500,000	Real-time to 1 business day
E-Wallet (e.g., Gopay)	Rp10,000	1.5% of deposit amount	Real-time

Withdrawal Options

Withdrawal Method	Min. Withdrawal	Fees	Processing Time
Bank Transfer	Rp10,000	First withdrawal free; Rp4,500 per subsequent withdrawal	1–3 business days