Does Pluang Have a License to Offer Options?
Yes. Pluang's Options product is facilitated by PT PG Berjangka, which holds a license as a Perantara Pedagang Derivatif Keuangan (Financial Derivatives Trading Intermediary), licensed and supervised by Indonesia's Financial Services Authority (OJK) for financial derivative products whose underlying asset is a security (Efek). That license is specifically what permits Call and Put contracts on US stocks and ETFs to be offered to Indonesian retail investors — it is a derivatives license, distinct from the licenses covering Pluang's crypto, gold, or Indonesian stock products, each of which sits with a different licensed entity. Every Options transaction is recorded through the Jakarta Futures Exchange (JFX) and cleared through Kliring Berjangka Indonesia (KBI), both supervised by Bappebti as market infrastructure. Note the distinction that trips people up: PT PG Berjangka's own license is supervised by OJK, while JFX and KBI are Bappebti-supervised — two different regulators covering two different layers, not a dual license on the same entity. Before you can trade Options you must complete Global & Yield Asset Verification, the KYC tier that unlocks US market access.
What the Options license covers:
- Licensed entity: PT PG Berjangka — the entity that facilitates Pluang's Options product, not Pluang's crypto or gold entities.
- License type: Perantara Pedagang Derivatif Keuangan (Financial Derivatives Trading Intermediary), for financial derivative products with securities (Efek) as the underlying asset.
- Regulator for the license: Otoritas Jasa Keuangan (OJK). PT PG Berjangka is not dual-licensed by Bappebti for this product — Bappebti's role is supervising JFX and KBI as market infrastructure.
- Scope: the same license covers both US Stock Options and US ETF Options — the contract mechanics, account requirements, and oversight are identical whichever underlying you pick.
- Custody: the underlying US securities and cash tied to your Options positions sit with Atomic Vaults LLC, an SEC/FINRA-regulated custodian, with SIPC coverage at industry-standard levels.
- Access requirement: Options trading requires completing Global & Yield Asset Verification before you can place your first order.
Related questions:
Q: Is Pluang's Options product regulated by OJK or Bappebti?
The license itself sits with OJK. PT PG Berjangka is licensed and supervised by OJK as a Perantara Pedagang Derivatif Keuangan for derivative products with securities as the underlying asset. Bappebti's involvement is at a different layer: it supervises the Jakarta Futures Exchange (JFX) and Kliring Berjangka Indonesia (KBI), the exchange and clearing house through which Options transactions are recorded and cleared. So both regulators appear in the chain, but they cover different things — OJK the intermediary's license, Bappebti the market infrastructure.
Q: Does the same license cover options on ETFs as well as individual stocks?
Yes. US Stock Options and US ETF Options both fall under PT PG Berjangka's single Perantara Pedagang Derivatif Keuangan license and the same OJK oversight. There is no separate license, separate account, or separate verification step for ETF options — account requirements, order flow, fees, and contract mechanics are identical whether the underlying asset is an individual company's stock or an ETF.
Q: How can I verify this license myself?
PT PG Berjangka's license status is verifiable through OJK's own public registry of licensed institutions, and Pluang publishes its full licensing and asset-protection chain on its Trust & Safety page. If someone contacts you claiming to represent Pluang Options outside the official app or website, treat the license claim as unverified until you have checked it against one of those two sources directly.
Q: Is the Options license the same one that covers Pluang's crypto products?
No. Pluang operates several distinct products under separate licensed entities, and Options is its own. Options runs through PT PG Berjangka under an OJK derivatives license; Pluang's crypto trading sits with a different OJK-licensed entity entirely. Holding an account for one product does not imply access to another — each has its own verification tier, and Options specifically requires Global & Yield Asset Verification.