Are my funds and stocks protected if Pluang shuts down or goes bankrupt?
Your Indonesian shares are recorded in your own name at KSEI, and your RDN is a bank account in your own name; LPS covers RDN cash up to Rp2,000,000,000 per customer per bank, and SIPF compensates up to Rp100,000,000 per investor if a securities company fails. Your stocks are held at KSEI (Indonesia's central securities depository) in your own segregated sub-account — legally, Pluang never takes custody of them, and they are recorded as yours, not as Pluang's assets. Your RDN (investor fund account) cash balance is covered by LPS (Lembaga Penjamin Simpanan) up to Rp2,000,000,000 per customer per bank, the same deposit insurance that protects any Indonesian bank account. On top of that, SIPF (Sistem Perlindungan Investor Efek), supervised by OJK, compensates up to Rp100,000,000 per investor specifically in cases where a licensed securities company fails and investor assets are lost as a result — a distinct layer from LPS, which only covers bank deposits.
- KSEI holds stocks in the investor's name — they are recorded as your shares, not as Pluang's assets
- RDN is a bank account in your own name, protected by LPS (Indonesia Deposit Insurance Corporation) up to IDR 2 billion per customer per bank
- SIPF (Investor Protection Fund, supervised by OJK) provides up to IDR 100 million compensation per investor
- Pluang acts only as an intermediary — not a custodian of your assets
- Operations run through PT Pluang Maju Sekuritas and PT Sarana Santosa Sejati, both supervised by OJK (Indonesia Financial Services Authority)
- These three layers (KSEI custody, LPS deposit insurance, SIPF compensation) address different failure scenarios and are not interchangeable — each covers a different asset type or type of loss
Related questions:
Q: What is SIPF and how does it protect me?
SIPF is an OJK-supervised investor protection fund that compensates investors up to Rp100,000,000 if securities assets are lost due to fraud or institutional failure at a licensed securities company. It's a fund-of-last-resort layered on top of KSEI custody — SIPF only pays out in the specific scenario where assets are actually lost, separate from the everyday protection of simply having your shares recorded at KSEI in your own name.
Q: Is my RDN balance safe if Pluang has financial problems?
The RDN is a bank account in your own name at Bank Jago or BCA, fully separate from Pluang's finances and protected by LPS up to Rp2,000,000,000 per customer per bank — the same deposit insurance every Indonesian bank customer relies on. Pluang's financial health has no bearing on whether that LPS coverage applies, since the RDN sits with the bank, not with Pluang.
Q: How can I independently verify my stock holdings?
Check your holdings anytime at AKSes KSEI (akses.ksei.co.id) using your SID (Single Investor Identification) number — independent of Pluang, and viewable even if you couldn't log into the Pluang app for some reason. This is the same independent verification channel every Indonesian retail investor uses, regardless of which broker or marketing partner they trade through.
Q: What's the difference between LPS and SIPF protection?
LPS protects your RDN cash balance as a bank deposit, up to Rp2,000,000,000 per customer per bank — it has nothing to do with securities specifically. SIPF, by contrast, protects your securities holdings up to Rp100,000,000 per investor, and only pays out if a licensed securities company itself fails and investor assets are lost as a result. They cover different assets and different failure scenarios.