What Is USD Margin on Leveraged US Stocks at Pluang?
USD Margin is the dedicated USD wallet Pluang uses for leveraged US Stock trading. It is separate from your ordinary USD Balance: money you want to trade with leverage has to sit in USD Margin specifically, and you move funds into it from your USD or IDR balance. Every leveraged position you open draws its margin from this wallet, every Daily Leverage Fee is deducted from it, and the health metrics that govern your positions — Equity, Balance, Free Margin, Margin Level and Withdrawable Cash — are all calculated on this wallet rather than on your account as a whole. That is why a margin call is triggered by the state of USD Margin, not by your overall Pluang portfolio. Access is not automatic: you unlock USD Margin by completing Additional Verification of US Stocks in the app.
- What it is: The dedicated USD wallet that funds and settles every leveraged US Stock position on Pluang.
- Separate from USD Balance: Your ordinary USD Balance does not back leveraged trades; funds must be moved into USD Margin first.
- Funding it: You move money in from your existing USD balance or from your IDR balance.
- What it governs: Equity, Balance, Free Margin, Margin Level and Withdrawable Cash are all measured on this wallet alone.
- What it pays: Margin for open positions and the Daily Leverage Fee on 2x positions are both drawn from it.
- Getting access: Requires completing Additional Verification of US Stocks — it is not enabled by default.
Related questions:
Q: How is USD Margin different from my regular USD Balance?
They are two separate wallets with different jobs. Your USD Balance holds ordinary cash for non-leveraged US Stock purchases and can earn USD Yield. USD Margin exists only to back leveraged positions, and its balance is what margin calls and forced liquidation are measured against. Money does not flow between them automatically — you have to move it deliberately before a leveraged order can use it.
Q: Do I have to fund USD Margin separately?
Yes. Topping up your Pluang account does not place funds in USD Margin on its own. You transfer into the wallet from your existing USD balance or from your IDR balance, and only what sits inside USD Margin counts toward the margin backing your leveraged positions. This is also why a top-up can leave your Withdrawable Cash lower than expected if existing positions are carrying unrealised losses.
Q: Why do all the margin metrics point at this one wallet?
Because leverage risk is contained inside it. Equity, Balance, Free Margin, Margin Level and Withdrawable Cash are each computed from the USD Margin wallet's own funds and open positions. A healthy Indonesian Stocks or Gold portfolio elsewhere in Pluang will not lift your Margin Level or stop a forced liquidation — only funds inside USD Margin, or closing leveraged positions, can do that.
Q: How do I get access to USD Margin?
You complete Additional Verification of US Stocks inside the Pluang app. USD Margin is not switched on by default, so a user who has only finished standard onboarding will not see leveraged trading available. Once verification is approved, the wallet appears under Balance in the app and you can move funds in and start opening leveraged positions on eligible stocks.