How does Pluang's 0% trading fee promotion work?
Pluang's 0% trading fees promotion waives all Pluang trading fees on Indonesian stock buy and sell transactions. Phase 1 (16 April – 31 May 2026) applies automatically to all users. Phase 2 (1 June 2026 – 31 May 2027) is available to users who achieve a daily average NIV of IDR 1,000,000,000 or more during Phase 1, and maintain that threshold in subsequent months.
Promo structure at a glance
| Phase | Period | Who qualifies | Condition |
|---|---|---|---|
| Phase 1 — Universal | 16 Apr 2026 – 31 May 2026 | All Pluang users | Automatic — no action needed |
| Phase 2 — NIV-based | 1 Jun 2026 – 31 May 2027 | Users with daily average NIV ≥ IDR 1,000,000,000 during Phase 1, maintained monthly thereafter | Daily average NIV evaluated at end of each calendar month |
What fees are waived?
Only Pluang's Indonesian stock trading fees are waived. Mandatory third-party regulatory fees still apply to every transaction:
- Levy fee: 0.03% (buy & sell)
- VAT on levy: 0.0033% (buy & sell)
- KPEI fee: 0.01% (buy & sell)
- Final income tax (PPh): 0.10% (sell only)
How Phase 2 eligibility works
- To enter Phase 2 (June 2026): Your daily average NIV during Phase 1 (16 April – 31 May 2026) must be ≥ IDR 1,000,000,000
- To keep Phase 2 (July 2026 onwards): Your daily average NIV in the previous calendar month must remain ≥ IDR 1,000,000,000
- Your NIV is evaluated on the 1st of the following month
- If your NIV drops below IDR 1,000,000,000 in a given month, you lose 0% fee for the full following month — but if your NIV recovers to ≥ IDR 1B that month, you regain 0% for the full month after
What counts towards NIV
NIV = (RDN Top-ups + Incoming Stock Transfers + Realised Gains + Dividends) − (RDN Withdrawals + Outgoing Stock Transfers + Reallocations to Other Assets + Realised Losses)
Included (increases NIV): RDN top-ups for Indonesian stock purchases, incoming stock transfers from external brokers (at market price on transfer day), realised gains, dividends received.
Reduces NIV: IDR withdrawals from RDN, outgoing stock transfers, reallocations to other assets, realised losses.
Not included: Unrealised gains/losses, cash in other wallets, funds used to buy US stocks/gold/crypto/mutual funds, internal cash-to-equity conversions, corporate actions and non-cash inflows.
Fair usage
Pluang monitors transaction patterns. Accounts exceeding Rp 200,000,000 gross transaction value (GTV) per month may be reviewed. Pluang reserves the right to revoke the promotion and apply retroactive fees if misuse or bad-faith activity is detected.
Related questions:
Q: Do I still pay regulatory fees during the 0% promo?
Yes. Levy (0.03%), VAT on levy (0.0033%), KPEI fee (0.01%), and PPh final (0.10% on sell) still apply — only Pluang's trading fee is waived.
Q: How do I know if I qualify for Phase 2 each month?
Your NIV is evaluated on the 1st of each month.
Q: Can I lose the 0% fee and then get it back?
Yes. If your daily average NIV drops below IDR 1,000,000,000 in a given month, you lose 0% for the full following month. If your NIV recovers to ≥ IDR 1B that month, you regain 0% for the full month after.
Q: Does topping up my RDN count towards NIV?
Yes, IDR top-ups to your RDN allocated for Indonesian stock purchases count towards NIV. Cash sitting in other wallets (IDR Cash Wallet, Crypto Funding Wallet) does not.
Q: When does the 0% promo end?
Phase 1 ends 31 May 2026. Phase 2 (NIV-based) runs until 31 May 2027, after which standard trading fee rates apply.