What Does the Pluang Commodity Account Hold — US Dollars or Share Units?
The Pluang Commodity Account holds cash in US dollars, not shares. It works as the source account for the funds you use when buying and selling US Stocks and ETF assets on Pluang, and it is also where your margin funds are held. Your actual US Stock units are not kept inside the Commodity Account at all — they are recorded separately as your investment position, since the account is a cash settlement account rather than a securities holding account. That separation is why the number of shares you own and the USD balance available to trade with are two distinct things in your portfolio. It also means the balance in the Commodity Account reflects uninvested cash and margin rather than the market value of the stocks you are holding at any given moment.
- Currency held: US dollars.
- What it funds: Buying and selling US Stocks and ETF assets on Pluang.
- Margin: Your margin funds are also held in this account.
- Share units: Not held in the Commodity Account — they are recorded separately as your investment position.
- Account type: A cash settlement account, not a securities holding account.
- What the balance reflects: Uninvested cash and margin, not the market value of the stocks you hold.
- Practical effect: Your share count and your USD balance are two separate figures in your portfolio.
Related questions:
Q: Does the Commodity Account hold my US Stock shares?
No. The account holds US dollar cash only. Your US Stock and ETF units are recorded separately as your investment position, outside the Commodity Account, because the account functions as a cash settlement account rather than a securities holding account. That is why your share count and your available USD balance appear as two distinct figures rather than as one combined number in your portfolio.
Q: What is the USD balance in the account actually used for?
It acts as the source of funds for your US Stock and ETF transactions — the money is drawn from it when you buy and returns to it when you sell — and it also holds your margin funds. Because it covers both roles, the balance you see there represents cash that is available or committed as margin, rather than the market value of the positions you currently hold.
Q: Can I hold currencies other than US dollars in the account?
No. The Commodity Account is denominated in US dollars, which is the currency US Stock and ETF transactions settle in. Rupiah you top up in the app is not held in this account in rupiah form. Keeping the account in a single currency is what allows it to serve directly as the settlement and margin account for your US Stock activity without a conversion step at every trade.
Q: Why are cash and shares kept separately at all?
Because they are different kinds of holding and are recorded in different places. Cash sits in the Commodity Account opened in your name at the custodian bank, while your share units are recorded as your investment position through the broker chain that executes and holds them. Separating the two is what allows each to be tracked and safeguarded in the way appropriate to it, rather than blending them into one figure.