What is e-materai and when does it apply on Pluang?
E-materai is a digital stamp duty used to authenticate transaction documents in accordance with Indonesian government regulations, and it applies to stock trading the same way it applies to many other formal financial documents in the country. On Pluang, an e-materai fee of Rp10,000 is charged when the total value of your executed (matched) stock transactions in a single calendar day exceeds Rp10,000,000 — the threshold is based on cumulative daily transaction value, not a single trade, so several smaller trades that add up past the threshold on the same day trigger it just as one large trade would. This is not a Pluang charge; it's a nationwide regulatory requirement that applies identically to every licensed broker and investment platform in Indonesia, and Pluang simply applies and forwards it as required by law, adding it automatically to your transaction record with no manual step on your part.
How the e-materai threshold works:
- The Rp10,000,000 threshold is calculated on the cumulative matched transaction value for the day, combining all your executed buys and sells together — not per individual order
- Once your daily total crosses the threshold, the Rp10,000 fee applies to the relevant transaction(s) that push you over it
- The fee resets daily; a heavy trading day followed by a quiet day does not carry any balance forward
- E-materai is separate from and in addition to the standard trading fee (0.15% buy / 0.25% sell, all-in) — it is not a substitute for or a discount against that fee
Why this exists:
- Indonesian regulations require certain financial transaction documents above a value threshold to carry a stamp duty for legal validity
- E-materai is the digital equivalent of the traditional physical revenue stamp (meterai), now used across banking, brokerage, and other regulated financial activity nationwide
Related questions:
Q: What are the transaction fees for stocks on Pluang?
Pluang charges 0.15% (buy) / 0.25% (sell), inclusive of taxes and third-party fees. This includes Pluang's own trading fee (0.0961261% plus 11% VAT on that fee) plus mandatory regulatory fees — levy, VAT on levy, KPEI fee, and a 0.10% final tax on sells only. E-materai is a separate cost on top of this rate and only triggers above the Rp10,000,000 daily threshold, so most casual traders rarely encounter it.
Q: Does e-materai only apply on Pluang?
No, e-materai is a regulatory requirement that applies to all stock brokers and investment platforms in Indonesia, not something unique to Pluang. Every IDX-licensed securities company applies the same Rp10,000,000 daily threshold and the same Rp10,000 fee, since the rule comes from national government regulation rather than any individual broker's own pricing policy — you'd see it charged the same way anywhere else you traded.
Q: What if my transactions are under Rp10 million in a day?
No e-materai fee applies at all. The charge is only triggered once total daily transaction value crosses Rp10,000,000 — trading below that threshold, even repeatedly across many separate days, never incurs the fee, since each calendar day's cumulative total is assessed independently from the day before and the day after.
Q: Is e-materai charged on both buy and sell transactions?
It's assessed on cumulative daily transaction value regardless of direction, so both buys and sells count toward the Rp10,000,000 threshold together, not separately. If your combined buy and sell activity on a given day exceeds the threshold, e-materai applies even if no single order on its own would have been large enough to trigger it.