What OJK Licences and Regulations Does Pluang Hold for Stock Trading?

Pluang offers Indonesian stocks through two OJK-licensed entities: PT Pluang Maju Sekuritas (OJK Licence KEP-196/PM/1992, issued 10 April 1992) and PT Sarana Santosa Sejati (OJK Licence 4/PM.02/STTD/MPPPE/2024), both operating as Level II Securities Brokerage Marketing Partners under direct OJK (Otoritas Jasa Keuangan) supervision. This licence category permits an entity to market Indonesian securities services in partnership with a registered IDX member broker, rather than holding an exchange seat directly. Beyond the marketing partner licence itself, every transaction placed on Pluang is cleared and guaranteed by KPEI (Kliring Penjaminan Efek Indonesia), and every share you own is custodied at KSEI (Kustodian Sentral Efek Indonesia) under your own name — both core capital-market infrastructure institutions supervised by OJK, not Pluang-specific arrangements. Indonesian stock holdings are further protected up to Rp100,000,000 per investor via SIPF (Securities Investor Protection Fund), an additional OJK-supervised safeguard layered on top of KSEI custody itself.

You can independently verify both licence numbers on OJK's public registry at ojk.go.id, under the list of licensed securities brokerage marketing partners — the same registry any licensed Indonesian broker's credentials would appear on. PT Pluang Maju Sekuritas' 1992 licence date reflects the entity's long-standing status in Indonesia's securities industry, predating its partnership with Pluang.

Related questions:

Q: Is Pluang registered and supervised by OJK?
Yes. PT Pluang Maju Sekuritas (OJK Licence: KEP-196/PM/1992) and PT Sarana Santosa Sejati (OJK Licence: 4/PM.02/STTD/MPPPE/2024) both operate under direct OJK supervision as licensed Level II Securities Brokerage Marketing Partners. You can confirm both licences are current by searching OJK's public registry at ojk.go.id, rather than relying solely on what Pluang states in-app.

Q: Who guarantees stock transactions on Pluang?
KPEI (Kliring Penjaminan Efek Indonesia) guarantees every stock transaction executed through Pluang, in line with Indonesia's capital market standards applied across the entire IDX. Even if the counterparty on the other side of your trade fails to deliver shares or payment, KPEI steps in to fulfil that obligation — the same protection every IDX trade carries, regardless of which licensed broker you use.

Q: What is a Level II Securities Brokerage Marketing Partner?
It's an OJK licence category that allows an entity to market securities brokerage services to retail investors in partnership with a registered IDX member broker, under strict OJK oversight of how those services are marketed and delivered. It's distinct from being a direct IDX member broker yourself, which requires a different, more extensive licence.

Q: Does Pluang need a different licence for each asset class it offers?
Yes. Indonesian Stocks, Mutual Funds, Crypto, US Stocks, and Gold each sit under separate licensed entities and licence types — for example, Gold is licensed by Bappebti through PT Pluang Emas Sejahtera, while Indonesian Stocks is licensed by OJK through PT Pluang Maju Sekuritas and PT Sarana Santosa Sejati. Trading Indonesian stocks specifically relies only on the OJK licences described here.

Q: Why does Pluang use two separate licensed entities for Indonesian Stocks instead of one?
PT Sarana Santosa Sejati holds the marketing partner licence used for onboarding and distribution, while PT Pluang Maju Sekuritas is the securities company that actually executes and settles trades — a structural split that's common in Indonesia's brokerage industry, where marketing and execution functions are sometimes licensed and operated as legally distinct entities.