What Is the Minimum Order for Commodities?
The minimum order for Commodities on Pluang is 1 lot. There's also a maximum order size, and the app tells you if an order is too large. What 1 lot covers depends on the instrument: 1 troy ounce of gold for XAUUSD, 10 troy ounces of silver for XAGUSD and 10 barrels of Brent crude for UKOUSD. Your USD Margin (Commodities) wallet needs to cover at least the margin for 1 lot, and the opening fees are charged on top. The margin moves with the live price: at illustrative reference prices, it is US$43 for 1 lot of gold, US$35 for silver and US$16 for Brent. For example, 1 lot of XAUUSD at an illustrative US$4,300 per troy ounce and 100x leverage needs US$43 of margin, plus about US$0.11 in opening fees. Pluang recommends depositing well above this bare minimum, because a position opened with no extra funds has almost no buffer before the 80% margin call and the 70% second warning.
| Instrument | 1 lot | Max leverage | Margin for 1 lot at an illustrative price |
|---|---|---|---|
| XAUUSD (gold) | 1 troy ounce | 100x | US$4,300 ÷ 100 = US$43.00 |
| XAGUSD (silver) | 10 troy ounces | 20x | (US$70 × 10) ÷ 20 = US$35.00 |
| UKOUSD (Brent crude) | 10 barrels | 50x | (US$80 × 10) ÷ 50 = US$16.00 |
- These are examples, not live quotes: The prices in the table are illustrative reference prices. The actual margin for your order depends on the live price and the current leverage when you place it. The order page shows the exact Est. Margin Required, which can be slightly higher than this simple calculation.
- Why a buffer matters: Your margin level is calculated across all your open Commodities positions in the USD Margin (Commodities) wallet. The margin call comes at 80% and a second warning at 70% (new orders that add risk are blocked until your margin level is back above 80%). At 50%, Pluang closes your worst-performing position in full, then checks your margin level again. If it's still at 50% or below, it closes the next one. With only US$45 deposited for 1 lot of gold, the balance after opening fees is US$44.89 and the margin level about 104%, so the margin call would come after a fall of only about US$10 in the gold price.
- Costs from the moment you open: The JFX & KBI fee and VAT are charged when you open, and the spread is already built into the price, so a new position starts slightly below break-even. The order summary shows these fees under Taxes & Third Party Fees before you confirm.
Related questions:
Q: Is there a maximum number of lots I can open?
Yes. There's a maximum order size, and the app tells you if an order is too large. Each additional lot needs proportionally more margin, because margin is calculated on the exposure (notional value) of the position: 2 lots of gold at an illustrative US$4,300 per troy ounce need US$86 of margin instead of US$43. Larger positions also move your margin level faster when the price goes against you, so size positions with your whole USD Margin (Commodities) balance in mind.
Q: How do I fund my USD Margin (Commodities) wallet?
You can move USD from USD Cash, or convert from your Rupiah balance. There's no separate activation step: the first time you tap Buy (Long) or Sell (Short), a Disclaimer appears. Tapping Confirm means you agree to the Commodities Trading Rules, and your Commodities account is set up automatically within seconds. Keep more in the wallet than the margin your positions need, so you have a buffer before your margin level reaches the 80% margin call.
Q: Why does the margin for 1 lot keep changing?
Because it's calculated from the live price. The margin for a position is its exposure, which is the lot size multiplied by the price, divided by the leverage Pluang sets for the instrument. When the price of gold, silver or Brent crude rises, the margin needed for 1 lot rises with it, and when the price falls, it falls too. That's why the margin for 1 lot is shown at illustrative prices rather than as a single fixed number.
Q: Is the margin the only money I need to open a position?
No. On top of the margin, you pay a JFX & KBI fee of US$0.10 per lot, capped at US$1 per order, when you open and again when you close, plus 11% VAT, which also applies to swap charges. Pluang currently charges no transaction fee on Commodities (0%). For 1 lot of gold at an illustrative US$4,300, the opening fees total about US$0.11 (the US$0.10 JFX & KBI fee plus about US$0.01 VAT), or about US$0.22 for a round trip. The spread is already built into the buy and sell price, and positions held past the daily rollover are charged or credited a swap.