Pluang Forex Broker

Pluang Review SummaryFounded2013Registered Country/RegionIndonesiaRegulationNot regulatedMarket InstrumentsUS Stocks, ETFs, Crypto, Gold, Mutual Funds, Options, Crypto FuturesDemo Account❌LeverageUp to 1:4SpreadUS Stocks transaction fee: 0.30% (regular users) / 0.20% (Pluang Plus)Trading PlatformPluang Mobile App, Pluang Web TradingMin DepositRp10,000Customer SupportEmail (24/7): tanya@pluang.comLive Chat (24/7): Available via Pluang AppCall 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 ConsProsConsAccess to a wide range of assets including US stocks and cryptoNot regulatedLow minimum deposit requirement (Rp10,000)Limited to specific asset classes (no forex or CFDs)Beginner-friendly mobile and web trading platformsLeverage fees and transaction costs may applyIs 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 InstrumentsSupportedForex❌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 TypeAvailableBest ForKey FeaturesStandard Account✅Beginners and casual investorsAccess to US stocks, crypto, gold, mutual funds, simple tradingPro Features Account✅Active and professional tradersAdvanced Orders, Crypto Order Book, Watchlists, ScreenersLeverage 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.ProductSpreads/FeesUS Stocks & ETFs0.30% transaction fee (regular users) / 0.20% (Pluang Plus members)Dividend Tax15% for unleveraged stocks, 30% for leveraged stocksDaily Leverage Fee0.023% per day (8.25% p.a.) for regular users, 0.015% per day (5.25% p.a.) for Pluang Plus membersCrypto, Mutual Funds, Gold, OptionsFees not fully detailed, regulatory fees apply for optionsNon-Trading FeesNon-Trading FeesDetailsDeposit FeeDirect BCA Transfer: FreeVirtual Account: Free if ≥ Rp500,000; Rp3,000 if < Rp500,000E-Wallet: 1.5% feeWithdrawal FeeFirst transaction per month: FreeSecond and onward: Rp4,500 per transactionInactivity FeeNot mentionedForeign Exchange Fee0.25% conversion fee for IDR to USD and vice versa, plus market spread (variable based on time and liquidity)Trading PlatformTrading PlatformSupportedAvailable DevicesSuitable for what kind of tradersPluang Mobile App✔Android, iOS smartphones/tabletsBeginner and casual traders, mobile-first usersPluang Web Trading✔PC, Mac (Web Browser)Traders needing larger screens and chart analysisMetaTrader 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 OptionsDeposit MethodMin. DepositFeesProcessing TimeDirect BCA TransferRp500,000FreeReal-time to 1 business dayVirtual Account (VA)Rp10,000Free if ≥ Rp500,000; Rp3,000 if < Rp500,000Real-time to 1 business dayE-Wallet (e.g., Gopay)Rp10,0001.5% of deposit amountReal-timeWithdrawal OptionsWithdrawal MethodMin. WithdrawalFeesProcessing TimeBank TransferRp10,000First withdrawal free; Rp4,500 per subsequent withdrawal1–3 business days