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The increase in smartphone use over the last decade has led to a boom in online stock trading. Stock apps have been the main driver of this change. This trend shows no sign of stopping, even with the existing investment prospects and ease with the stock application, it looks like it will continue to attract more investors.
But if you are just starting out, it can be difficult to know the best stock trading app for you. The following is an explanation of the importance of choosing the best stock applications and some recommendations for the best online stock applications registered by the OJK.
Why should you choose an application?
Today, many people consider the stock market a worthy investment. This is further support by the ease of opening an account to start investing in stocks through the stock application. One just needs to download the app, register and start putting their money in to start investing or trading.
However, choosing a stock application also needs to be tailored to the needs and preferences of each individual. Although both are stock applications, each one has its advantages and disadvantages. For that, it is important to choose the best stock app for yourself. Some things that can consider include transaction fees, the features offered, to the security of the stock application, whether it is register and protected by the OJK.
12 Recommendations for the best online stock applications registered with OJK
1. StockBit
Stockbit is one of the top recommended stock apps for beginners. This share application is owned by PT. Sinarmas Securities. The Stockbit stock app can downloaded either through the Playstore or the App Store. The main advantage of this stock application is that there is an Online Community feature that can be used as a place for discussions about investing with other traders. Some of the more professional traders also often discuss stock recommendations along with technical or fundamental analysis.
In addition to the features above, you can also monitor the real-time movement of the stock market through this stock application. Meanwhile, to ensure the security of transactions made by investors, the Stockbit stock application also provides the Touch ID feature.
2. IPOT
The next stock application recommendation is IPOT. This IPOT is a stock application from Indo Premier Sekuritas. The advantage of this stock application is that there is no minimum deposit required so it is highly recommended for those of you who want to start investing or trading stocks with small capital. For the fee charged per transaction, the share selling fee is 0.29% and the share purchase fee is 0.19%.
Another advantage of this stock application is that the registration process can be done by yourself online through the application without the need to meet face-to-face or come to the branch office. In addition, the IPOT stock application also offers a Robo Trading feature which will automatically execute all buy and sell order instructions on stocks and predetermined prices so you won’t miss a moment.
3. Bibit
The next stock application recommendation is Seeds. Seeds is a stock application from PT. Seeds Grow Together. Through this Seed application, you can buy shares in the form of mutual funds. In addition to stock mutual funds, this application also offers a wide selection of other mutual funds ranging from bonds to the money market.
The advantages of the Bibit stock application are that registration can be done online, mutual fund purchases are free of commission fees, investments can be withdrawn at any time without penalty, and with Robo Advisor, you can choose an investment path based on your income and the funds you want to allocate and adjust your investment allocation based on your risk profile. For security, these seeds are also included in the stock application which is officially registered and supervised by the OJK.
4. Bareksa
The fourth stock application recommendation is Bareksa. Bareksa is the first integrated financial and investment marketplace in Indonesia, besides that the Bareksa stock application has also been officially register and supervised by the OJK. Through Bareksa, you can buy shares in the form of mutual funds. Bareksa is one of the distribution partners trusty by the Indonesian Ministry of Finance to sell retail Government Securities (SBN) online.
The advantages of Bareksa are that registration can done online, there are more than 150 mutual fund products, more than 50 investment managers, and there are various payment methods so you can make transactions faster and easier.
5. Mirae HOTS
The next stock application recommendation is Mirae HOTS. Mirae HOTS or often called Mirae Asset was founded by PT. Mirae Asset Sekuritas Indonesia. This stock application is quite popular, it can be seen from the value and frequency of transactions which are quite high on the IDX. The stock application on Mirae is divided into two, namely HOTS (Home Online Trading System) to be accessed via PC and NEO HOTS (Mobile Trading System) which can be accessed via smartphone.
The advantage of using the Mirae stock application is the competitive share selling and buying fee, which is 0.25% for the selling fee per transaction and 0.15% for the purchase fee per transaction. Please note that to use the Mirae stock application, you need to prepare a minimum deposit of 10 million rupiah.
6. RTI Business
The next stock application recommendation is RTI Business. This stock application is very popular among investors. Regardless of whatever stock application investors use for transactions, usually they also download RTI Business as a complement.
RTI Business provides various important information related to the capital market, ranging from charts, financial data, analysis, price quotes, the latest news on company decisions, capital and stock market news, and others. In addition, there is also information about the company’s performance description within five years through income statement, cash flow, profitability, balance sheet, growth to earnings.
7. MOST Mandiri
The next stock application recommendation is MOST or Mandiri Online Stock Trading. This MOST stock application was developer by Mandiri Sekuritas, so if you have an account at Bank Mandiri, you might consider this stock application. The difference with other stock applications, to use this MOST application, you must first become a customer of Mandiri Sekuritas.
There is a minimum initial deposit to open a stock account which is divided into student, general, and full service. For students, a minimum of 2 million , general 5 million , and full service 100 million . Meanwhile, the fee per transaction is 0.28% for selling shares and 0.18% for buying shares (minimum IDR 5,000).
8. BCAS Best Mobile
The next stock application recommendation is BCAS Best Mobile which was developer by PT. BCA Securities. Mainstay features in this stock application include stock games for technical analysis, smart signals to read stock ups and downs, Quick Orders so investors can quickly sell or buy stocks, and others. There is a minimum initial deposit to open a stock account, which is 3 million rupiah. As for the fee per transaction for online trading, the purchase fee is 0.18% and the selling fee is 0.28%. Meanwhile, if you use the services of a sales broker, the fee per transaction will be higher, namely a 0.25% purchase fee and a 0.35% selling fee.
9. MotionTrade
The next stock app recommendation is MotionTrade. Previously, this stock application was call MNC Trade New. MotionTrade is a stock application design by MNC Sekuritas which is a subsidiary of the MNC Group. The advantage of this stock application compared to others is that the MotionTrade stock application can download in several versions, namely for desktop, mobile, smartwatch, to a special application for Mac.
The initial deposit to open a stock account in this security is starting from 100 thousand. As for the fee per transaction, the selling fee is 0.28% and the buying fee is 0.18%.
10. Ajaib
The next stock app recommendation is Magic. This Ajaib stock application is under the Ajaib Group which houses Ajaib Sekuritas and Ajaib Mutual Funds. This Magic stock application has been officially license and supervised by the OJK.
The advantages of this Magic stock application are, among others, to open a stock account at Ajaib, you don’t need to deposit any initial funds at all. In addition, the fee for buying and selling shares in Ajaib is relatively cheap, namely 0.10% for daily transactions under 150 million rupiah, and lower if the daily transactions are bigger.
11. Poes ID
The next stock application recommendation is Poems ID. This Poems ID stock application was developer by PT Phillip Sekuritas Indonesia. This securities firm is part of a Singapore-based business group call the Phillip Capital Group. In order to use this stock application, you need to register as a Phillip Sekuritas customer. There is a minimum deposit to open a stock account in this securities, which is 500 thousand rupiah for the public and 100 thousand rupiah for students. The fee per transaction is 0.18% for buying and 0.28% for selling.
12. BIONS
The next stock application recommendation is BIONS. BIONS stands for BNI Sekuritas Innovative Online Trading Systems. As the name suggests, this stock application is under BNI Sekuritas. The superior features of the BIONS stock application include Finger Print Login, Automatic Orders that can stored for 30 days (GTC), research features, news, charts, and price charts with technical analysis indicators, as well as being able to access actual news in real-time. .
There is a minimum deposit if you want to open a stock account through BIONS, which is 1 million rupiah. Meanwhile, the fee per online transaction is 0.17% for buying and 0.27% for selling.
Those were the 12 recommendations for the best online stock applications register by the OJK. Hopefully useful and congratulations on choosing your preferred stock application. Don’t forget to always be careful in making transactions or trading stocks.
