How Do Pluang's Stock Trading Fees Compare to Other Brokers?
Pluang charges 0.15% on buy orders and 0.25% on sell orders, inclusive of taxes and third-party fees — this all-in rate covers Pluang's own trading fee (0.0961261% of transaction value, plus 11% VAT on that fee) plus the same mandatory regulatory fees every IDX-licensed broker charges. This sits squarely in line with conventional Indonesian securities brokers rather than undercutting them: several major digital brokers charge the same or very similar all-in rates, since their own commissions typically range from 0.10% to 0.25% on top of the identical regulatory fee stack (levy, VAT, KPEI, and PPh Final). In other words, Pluang's fee rate has become an industry-standard rate for Indonesian stock trading rather than a below-market discount, and the exact difference versus any specific competitor depends on which broker you're comparing against and what their current published rate is.
Stock trading fee comparison (illustrative):
| Broker | Buy Trading Fee | Total Buy | Sell Trading Fee | Total Sell |
|---|---|---|---|---|
| Pluang | 0.0961261% + 11% VAT (≈0.107%) | 0.15% | 0.0961261% + 11% VAT (≈0.107%) | 0.25% |
| Broker A (typical) | 0.10% | 0.1433% | 0.10% | 0.2433% |
| Broker B (typical) | 0.15% | 0.1933% | 0.25% | 0.3933% |
Note: All brokers pay the same regulatory fees (levy, VAT, KPEI, PPh). The difference lies entirely in each broker's own trading fee component.
Where Pluang actually stands: Pluang's own trading fee sits close to the middle of typical broker rates in the illustration above — comparable to Broker A and lower than Broker B, but not the single lowest rate in the market, since some brokers do publish lower commissions. Beyond the raw fee rate, Pluang's differentiators are its low minimum investment (1 lot, no separate account minimum), multi-asset access from a single app (Indonesian Stocks, US Stocks, Gold, Crypto, Mutual Funds, and more), and TradingView-powered charting and screener tools built into the same trading interface.
Related questions:
Q: Are there brokers in Indonesia with lower fees than Pluang?
Yes, fee rates vary by broker and can change over time, and some digital brokers may publish lower headline rates or run limited-time promotional pricing. Rather than comparing on fee rate alone, it's worth weighing analysis tools, multi-asset access, minimum investment requirements, and account security together, since a slightly lower fee elsewhere may come with a narrower product range or fewer research tools.
Q: Are regulatory fees the same across all brokers?
Yes, Levy (0.03%), VAT on Levy (0.0033%), the KPEI fee (0.01%), and PPh Final (0.10% on sells) are standardised regulatory fees set by the exchange and government, and they apply identically across every IDX-licensed broker regardless of platform. Only each broker's own trading fee — the portion it keeps — differs from one platform to the next.
Q: Does Pluang's fee change based on transaction size?
No, Pluang's trading fee is a flat percentage of transaction value with no volume-based discount tier for larger trades and no minimum-size surcharge for smaller ones. A Rp1,000,000 trade and a Rp100,000,000 trade both pay the same 0.15%/0.25% all-in rate — only the rupiah amount charged scales with the size of the order itself.
Q: Is Pluang's trading fee rate fixed permanently?
No, rates can be updated by Pluang from time to time in response to market conditions or regulatory changes, the same way any broker periodically revisits its pricing. Always check the app's transaction confirmation screen or the official fee page (pluang.com/en/biaya/id-stocks) for the current rate before you trade, rather than relying on a rate you saw previously.