Why is my market order's final price different from the estimate on Pluang?
The final price differs because the estimate was never a price — it was a reserved maximum. A market order accepts whatever the exchange is offering, so the real price is only known once the order has actually matched. Until that happens, the order detail shows every money figure with an "Est" label to make clear it is provisional. Once the order matches, Pluang removes the "Est" labels and replaces them with the average price you actually traded at, along with the real fees calculated on that value. A final price below the buy estimate is the normal outcome, because the estimate is built from the day's ARA — the highest price the stock could legally have reached.
Market orders for Indonesian stocks are available in the Pluang app and on the web trading platform. The two platforms differ elsewhere: Session validity, GTC and Stop Loss / Take Profit are app-only, and web trading offers Limit orders with good-till-end-of-day validity.
Before and after matching:
| Order detail field | Before the order matches | After the order matches |
|---|---|---|
| Order label | "Market Buy" or "Market Sell" | Unchanged |
| Price | Estimated price, marked Est | Average price actually traded |
| Taxes and third-party fees | Marked Est | Real amounts, "Est" removed |
| Total paid or received | Marked Est | Real amount, "Est" removed |
Why there is an average price rather than a single price. A market order takes the best price available, then moves to the next-best if it needs more shares. A larger order can therefore fill across several price levels in one go. Pluang shows the weighted average of all those fills as the price for the order, rather than only the first or last level touched.
Which direction the difference usually goes:
- On a buy, the final total is usually lower than the estimate, because the estimate assumed the day's maximum legal price. The difference is returned to your wallet.
- On a sell, your final proceeds may be more or less than the estimate shown — they depend on the price the order actually fills at.
Where you can check this after the fact. The completed order appears in your transaction history with the same treatment — estimated values before matching, actual values after — so you can always go back and confirm the price you really traded at rather than relying on what the review screen showed.
One thing the estimate never affects: the fee you pay. Fees are always calculated on the real transaction value at the standard all-in rate of 0.15% on a buy and 0.25% on a sell, inclusive of taxes and third-party fees.
Related questions:
Q: What does the "Est" label mean on my order detail?
It marks a figure as estimated rather than final. While a market order is still waiting to match, Pluang cannot know the real price, so the price, the taxes and third-party fees, and the total are all shown with "Est" in front of them. The labels disappear automatically once the order matches and are replaced with the actual amounts — you do not need to refresh anything or take any action.
Q: What is the average price on a market order?
It is the weighted average of every price level your order filled at. If a market buy for 10 lots takes 6 lots at one price and 4 lots at a slightly higher one, the order detail shows the blended average across all 10 rather than either individual price. This is the number to use when working out your actual entry cost for a position.
Q: Can my market order fill at a worse price than the current market price?
Yes. A market order accepts whatever is available, so on a thinly traded stock or during sharp price movement it can fill above the price you saw on screen for a buy, or below it for a sell. This is the trade-off you accept in exchange for speed — if the price matters more than the speed, a limit order is the safer choice.
Q: Where can I see the actual price after the order completes?
In the order detail and in your transaction history, both of which switch from estimated to actual values once the order has matched. Transaction history uses the same estimated-then-actual treatment as the live order detail, so a market order you placed weeks ago still shows the average price you really traded at, not the estimate that was displayed at the time.