Forex Pluang Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.3

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.5

Business 0.8

Risk Control 1.1

Software 1.8

Regulatory 1.3

Terminal Snapshot

Pluang Trading Conditions

Registered Region Indonesia

Operating Period 1-2 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email tanya@pluang.com

Contact Number +6202180630065

Website pluang.com

Balanced Review

Pros & Cons

Pros

Regulated by OJK and BAPPEBTI
Access to over 900 assets including stocks, crypto, and mutual funds
Mobile trading platform with advanced features
Educational resources including market analysis and tutorials
Low minimum deposit requirement of IDR 5,000

Cons

Not regulated in major jurisdictions like the US
No desktop or web trading platform available
Limited selection of supported cryptocurrencies
Withdrawal fees may apply after the first transaction
Low maximum leverage of 1:4

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	Pluang	CFForex	Mahadana	AvaTrade
Operating Period	1-2 years	See review	See review	See review
Region	Indonesia	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.3/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does Pluang Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Standard Account	Beginners and casual traders	Low minimum deposit, user-friendly interface	Suitable for small-capital trading
Pluang Plus Account	Experienced traders and high-volume clients	Lower trading fees, priority customer support	Requires a minimum investment capital of Rp100 million

Account Opening Process

To open an account with Pluang, individuals must complete several steps. First, applicants will need to provide personal information, including their name, email, and phone number. Next, employment details and financial information will be required to assess the applicant’s trading profile. Identity verification is a crucial part of this process, necessitating submission of a government-issued ID and proof of address. Once the account is set up, users have the flexibility to upgrade to a Pluang Plus account if they meet the eligibility requirements in the future.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (EUR/USD)	0.8	$0 (ECN: $3.5/lot)	Tight spreads for majors
US Stocks & ETFs	N/A	0.30% (0.20% for Pluang Plus)	Fees vary based on account type
Cryptos (BTC/USD)	1.0%	0.1%	Variable depending on volatility

Other Fees

Pluang imposes several other fees that users should be aware of. Deposit and withdrawal fees vary depending on the method used: direct bank transfers are generally free, but small virtual account deposits incur a fee. Inactivity fees are not explicitly mentioned, but users should be cautious of potential costs associated with prolonged account dormancy. Additionally, overnight interest (swap rates) may apply for leveraged positions, and currency conversion fees are charged at 0.25% when converting between IDR and USD, plus market spreads. Lastly, users should be aware of potential regulatory fees applicable to options trading.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

Pluang User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

Siti Rahmawati

Jakarta

★ ★ ★ ★ ★

I’ve had issues with withdrawals. It took longer than expected to get my funds out, and customer support was unhelpful when I reached out for assistance. I expected a smoother process given their claims of being user-friendly.

Andi Prasetyo

Bandung

★ ★ ★ ★ ★

Pluang has a great platform for trading various assets. The app is intuitive, and I’ve found it easy to navigate. My only complaint is the transaction fees, which can add up. Overall, a solid choice for beginners.

Rina Setyawan

Surabaya

★ ★ ★ ★ ★

Horrible experience! I tried to withdraw my money multiple times but faced constant issues. Customer support is almost non-existent, and I feel stuck with my investment. I wouldn’t recommend Pluang to anyone.

Budi Santoso

Medan

★ ★ ★ ★ ★

I’m very satisfied with Pluang! The range of investment options is impressive, and the app works smoothly. I particularly enjoy the ability to invest in both crypto and stocks. Withdrawals have been quick for me, and support has been helpful. Highly recommend it!

Indonesia Market