Is Options Trading on Pluang Safe and OJK-Regulated?

Yes, US Stock Options trading on Pluang is safe and OJK-regulated. Pluang's Options product is facilitated by PT PG Berjangka, a licensed Perantara Pedagang Derivatif Keuangan (Financial Derivatives Trading Intermediary) supervised by Indonesia's Financial Services Authority (OJK) for derivative products with securities (Efek) as the underlying asset. Every Options transaction is recorded and cleared through the Jakarta Futures Exchange (JFX) and Kliring Berjangka Indonesia (KBI) — Indonesia's licensed derivatives exchange and clearing house, both supervised by Bappebti as market infrastructure. On the custody side, the underlying US securities and cash tied to your Options positions sit with Atomic Vaults LLC, a custodian regulated by the US SEC and FINRA, with Securities Investor Protection Corporation (SIPC) coverage at industry-standard levels. This layered structure — an OJK-licensed intermediary, Bappebti-supervised exchange and clearing infrastructure, and an SEC/FINRA-regulated custodian — keeps your Options activity on Pluang inside a supervised, auditable chain rather than an unregulated arrangement.

• Licensed intermediary: PT PG Berjangka holds an OJK license as a Perantara Pedagang Derivatif Keuangan for derivative products with securities as the underlying asset. This is the same license and entity used for Pluang's US Stocks & ETFs product — Options is not a separate, less-regulated offshoot.
• Exchange & clearing: All Options orders are recorded on JFX and cleared through KBI, the same exchange/clearing pair used for US Stocks. JFX and KBI are supervised by Bappebti as licensed derivatives market infrastructure — a separate layer of oversight from PT PG Berjangka's own OJK license.
• Custody & investor protection: Atomic Vaults LLC, an SEC/FINRA-regulated custodian, holds the underlying US assets tied to Pluang Options positions. Coverage comes through SIPC at standard industry levels. Unlike Pluang's US Stocks product, Options coverage does not include the additional Lloyd's Insurance layer — SIPC is the primary protection specifically for Options.
• Access gate: Trading Options requires completing Global & Yield Asset Verification, Pluang's higher KYC tier for US-market access — an additional checkpoint before any Options order can be placed.

Related questions:

Q: What license does PT PG Berjangka hold to offer Options on Pluang?
PT PG Berjangka holds an OJK license as a Perantara Pedagang Derivatif Keuangan (Financial Derivatives Trading Intermediary), specifically authorized for derivative products with securities (Efek) as the underlying asset. This is the same licensed entity and license type that facilitates Pluang's US Stocks & ETFs product, so Options runs on the same regulated infrastructure rather than a separate, unlicensed arrangement. OJK is the sole supervisor of PT PG Berjangka's license itself.

Q: Does SIPC protection for Pluang Options match the protection on Pluang US Stocks?
No — the two differ. Pluang US Stocks carries SIPC protection plus an additional layer of up to $30M via Lloyd's Insurance. Pluang Options carries SIPC protection only, at standard industry coverage levels, with no equivalent Lloyd's add-on. Both products share the same custodial concept — assets held with an SEC/FINRA-regulated custodian — but the total coverage stack is not identical. Check Pluang's Trust and Safety page for the current coverage figures rather than assuming the two products match.

Q: Who supervises the exchange where my Options trades are recorded?
Options trades are recorded on the Jakarta Futures Exchange (JFX) and cleared through Kliring Berjangka Indonesia (KBI), both supervised by Bappebti as licensed derivatives market infrastructure. This is separate from PT PG Berjangka's own license, which is issued and supervised by OJK. The two regulators oversee different layers of the same transaction chain — the intermediary and the market infrastructure. Conflating the two is the most common misunderstanding about how Options is regulated in Indonesia.

Q: Do I need special verification before I can trade Options on Pluang?
Yes. Options access requires completing Global & Yield Asset Verification, Pluang's higher KYC tier used for US-market products. This verification sits on top of standard account registration and confirms eligibility before any Options order — buy or sell — can be placed, adding a further checkpoint beyond the licensing and custody structure already in place. Until it is approved, the Options menu stays unavailable rather than showing an error message.