What do Local, Foreign and BUMN brokers mean on Pluang?
On Pluang, Local, Foreign and BUMN are the three broker types used across the Broker Activity tab for Indonesian stocks, and each broker firm has one fixed type. Local means a domestic securities company, BUMN means a securities company owned by the Indonesian state, and Foreign means a foreign-affiliated securities company. The type describes the broker firm, not the investor: an Indonesian investor trading through a foreign broker counts as Foreign, and a foreign investor trading through a local broker counts as Local. Foreign Domestic Activity splits trading two ways, so there BUMN brokers are counted as domestic together with Local brokers. Broker Distribution keeps all three types apart, colours each broker by its type and lets you filter by type.
How each type is used
| Broker type | Who it covers | In Foreign Domestic Activity | In Broker Distribution |
|---|---|---|---|
| Local | Domestic securities companies | Domestic | Shown as Local |
| BUMN | State-owned securities companies | Domestic | Shown as BUMN |
| Foreign | Foreign-affiliated securities companies | Foreign | Shown as Foreign |
The classification comes from the broker data Pluang receives, so it stays the same for a broker across every stock and every module.
Learn more: Indonesian Stocks on Pluang and foreign net buy and net sell on the regular and negotiated markets (Pluang Akademi).
Related questions
Q: If I am Indonesian and trade through a foreign broker, am I counted as foreign?
Yes. Broker Activity classifies trades by the broker firm that executed them, not by the investor's nationality or residence. So an Indonesian investor whose orders go through a foreign-affiliated securities company is counted under Foreign, and a foreign investor using a local broker is counted under Local. This is why net foreign figures describe foreign brokers' activity rather than exactly what overseas investors did.
Q: Why are BUMN brokers shown separately in Broker Distribution?
Broker Distribution shows BUMN brokers as their own type so you can see state-owned securities companies' buying and selling apart from other domestic brokers, and filter to them by broker type. Foreign Domestic Activity answers a simpler question, foreign versus domestic, so there BUMN brokers are added to the domestic side. Both views use the same classification, just grouped differently.
Q: Can a broker's type change?
No. In Broker Activity, each broker firm carries one type, Local, Foreign or BUMN, and it does not change from stock to stock or from module to module. That means the colour a broker has in Broker Distribution always matches the type you would filter by, and a broker counted as foreign in Foreign Domestic Activity is foreign everywhere else on the tab as well.
Q: How do I find out which company a broker code belongs to?
Open Broker Summary on the Broker Activity tab and look for the list of broker codes, which shows each code with its company name. In Broker Flow, you can also search for a broker by its code or name when you add it to the chart, which makes it easier to find a specific firm. Broker codes are short letter codes, so the list is the quickest way to match a code to a company.
Last updated: 5 November 2026