SimInvest is the investment app of PT Sinarmas Sekuritas. The company’s help centre publishes a five-class share tariff and confirms that its 2025 VAT change did not increase the total transaction fee. Mutual funds follow their own prospectuses and settlement timetable; a stock cash-withdrawal rule does not determine when a fund redemption will arrive.[1][2][3][11]
Broker essentials01
Sinarmas Sekuritas (SimInvest) at a glance
| Measure | Value | Context |
|---|---|---|
| Operator | PT Sinarmas Sekuritas | Source 13 |
| Member code | DH | Source 13Source 14 |
| Online share fee | Buy 0.1403%; sell 0.2403% | Source 2Source 3 |
| Day-trade fee | Buy 0.1253%; sell 0.2253% before qualifying volume-tier adjustments | Source 2 |
| Withdrawal minimum | IDR 100,000; leave at least IDR 1 in the RDN | Source 5 |
| Default penalty | Published as 45% per year / 0.125% per day | Source 7 |
Account opening and eligibility
Sections ↑At a glance02
Registration requirements
| Stage | Published requirement |
|---|---|
| Verify the active address with a one-time codeSource 4 | |
| Identity | Photograph the physical KTP and complete identity checksSource 4 |
| Selfie | Liveness-based face verificationSource 4 |
| Financial profile | Employment, income, source of funds and risk informationSource 4 |
| Tax number | The KYC guide labels NPWP optionalSource 4 |
At a glance03
Ownership and payout checks
| Item | Account-opening treatment |
|---|---|
| Beneficial owner | Additional owner information where the applicant is not the ultimate beneficiarySource 4 |
| Students and homemakers | The guide routes these applicants through beneficial-owner informationSource 4 |
| Withdrawal bank | Account-holder name is validated against the supplied detailsSource 4 |
| Signature | Digital signature must match the identification documentSource 4 |
| Activation | Submission is followed by verification; monitor the application statusSource 4 |
At a glance04
Funding expectations
| Item | What the published material establishes |
|---|---|
| Opening deposit | The registration guide does not establish one universal required initial cash depositSource 1Source 4Source 11 |
| Small investments | The homepage advertises investment from IDR 10,000; this is not a universal minimum for every share orderSource 1Source 4Source 11 |
| Share purchases | Required cash depends on the eligible order and associated costsSource 1Source 4Source 11 |
| Fund purchases | Product minimums and other terms follow the selected prospectusSource 1Source 4Source 11 |
Markets and product responsibilities
Sections ↑At a glance05
Retail product routes
| Product | Service scope |
|---|---|
| Shares | SimInvest dealing and the published share tariffSource 1Source 13Source 11 |
| Mutual funds | Sinarmas Sekuritas acts as selling agent; manager and custodian perform their respective fund rolesSource 1Source 13Source 11 |
| Other securities | APEI lists stock, bonds, REPO, MTN and ETF business; this does not establish that every product is available in the retail appSource 1Source 13Source 11 |
At a glance06
Fund order processing
| Item | General fund terms |
|---|---|
| Complete order received by 12:00 WIB on an exchange day | That day’s closing NAV is used under the general termsSource 11 |
| After the cutoff | Next exchange day’s NAV basisSource 11 |
| Redemption payment | Up to seven exchange days after a complete request, subject to the prospectusSource 11 |
| Suspension or product-specific restriction | Prospectus and fund terms can affect dealing; an app submission is not instant cashSource 11 |
Fees, taxes and late payment
Sections ↑At a glance07
Published share-dealing classes
At a glance08
Monthly-volume qualification
| Previous month’s total turnover | Following month’s class |
|---|---|
| IDR 10bn to below IDR 30bn | BillionaireSource 2 |
| At least IDR 30bn | Mega BillionaireSource 2 |
| Below the qualifying threshold | Return to the applicable normal tariffSource 2 |
| Timing | The achieved tier takes effect in the following month, not retrospectivelySource 2 |
At a glance09
Where the volume rate applies
| Item | Published rule |
|---|---|
| Channels | All investment platforms and sales-assisted transactions in the following monthSource 2 |
| Day trading | Qualifying category uses that category’s special buy/sell ratesSource 2 |
| Reassessment | Monthly turnover can upgrade or downgrade the following month’s tierSource 2 |
| Changes | The broker reserves the right to amend the programme with noticeSource 2 |
At a glance10
VAT presentation from 1 January 2025
The VAT percentage applies to the service-fee base, not to the entire purchase value. The broker’s displayed total tariff should not have another 12% added to the whole trade. The numerical fee schedule above includes the broker’s stated unchanged-fee treatment.[2][3][1]
At a glance11
Late settlement charges and restrictions
| Event | Published consequence |
|---|---|
| Unpaid obligation after due date | 45% per annum, also stated as 0.125% per daySource 7Source 8 |
| T+3 | Further purchases are suspended and late-payment charges applySource 7Source 8 |
| T+4 | Broker may force sales to meet the obligationSource 7Source 8 |
| Insufficient sale proceeds | Remaining debts and associated costs remain the client’s responsibilitySource 7Source 8 |
Platforms and dealing features
Sections ↑At a glance12
Published platform names
| Channel | Role |
|---|---|
| SimInvest | Current mobile share and fund appSource 1Source 2 |
| Simas Equity | Desktop channel named in the fee scheduleSource 1Source 2 |
| Simas Equity Plus | Mobile channel named in the fee scheduleSource 1Source 2 |
| Sales-assisted dealing | A separate regular tariff unless a qualifying volume tier appliesSource 1Source 2 |
At a glance13
App features and their limits
| Feature | Established description |
|---|---|
| Smart Order / Fast Order | Smart-order and rapid-entry features advertised by the appSource 1 |
| SimPlan / SimGoal | Planning and goal-related features advertised by the appSource 1 |
| RDN Boost | Feature name appears on the site; the name alone does not establish a borrowing limit or rateSource 1 |
| Virtual trading | Practice facility advertised with IDR 50m virtual fundsSource 1 |
Check the current smart-order ticket for the trigger, expiry and resulting order type before leaving an instruction active.[1]
Client cash and withdrawals
Sections ↑At a glance14
Available RDN banks
At a glance15
What counts as withdrawable cash
| Item | Published treatment |
|---|---|
| Available funds | Good funds in the RDN after outstanding obligationsSource 5 |
| Deductions or reservations | Interest, open buy orders and net purchase obligations reduce availabilitySource 5 |
| Same-day deposit | Cannot be withdrawn on that same day under the help ruleSource 5 |
| Unsettled sale proceeds | Cannot be withdrawn until settledSource 5 |
At a glance16
Withdrawal size and timing
| Rule | Published treatment |
|---|---|
| Minimum request | IDR 100,000Source 5 |
| Remaining balance | At least IDR 1 must stay in the RDNSource 5 |
| Before 11:00 WIB | Processing window stated as 1 × 24 working/trading hoursSource 5 |
| After 11:00 WIB | Processing window stated as 2 × 24 working/trading hoursSource 5 |
At a glance17
Common withdrawal failures
| Reason | Practical response |
|---|---|
| Bank details or name mismatch | Correct the registered payout detailsSource 6Source 5Source 4 |
| Insufficient free cash | Check settlement, open orders and other obligationsSource 6Source 5Source 4 |
| Status shows failure | Resolve the cause before resubmitting; a request is not proof of paymentSource 6Source 5Source 4 |
Custody, identity checks and protection
Sections ↑At a glance18
Custody and compensation eligibility
| Item | Published scope |
|---|---|
| Member identity | Indonesia SIPF lists PT Sinarmas Sekuritas, code DHSource 14Source 15 |
| Investor identification | Custodian account, securities subaccount at KSEI and a Single Investor Identification number are requiredSource 14Source 15 |
| Covered assets | Eligible securities held in custody and cash in an investor’s own RDN, subject to the scheme rulesSource 14Source 15 |
| Loss type | Failure to return protected assets; a fall in investment value is not a compensation eventSource 14Source 15 |
At a glance19
Published compensation ceilings
| Limit | Amount or condition |
|---|---|
| Per investor at one custodian | Maximum IDR 200 millionSource 16Source 15 |
| Total for one custodian | Maximum IDR 100 billionSource 16Source 15 |
| Decision | KEP-69/D.04/2020, signed 23 December 2020; effective 2 January 2021Source 16Source 15 |
| Application | A ceiling on an eligible accepted claim, not a guarantee of the account’s full valueSource 16Source 15 |
At a glance20
When a claim can proceed
| Stage | Scheme requirement |
|---|---|
| Regulatory trigger | OJK establishes the asset loss and the relevant custodian’s inability to return assets or continue the required businessSource 15 |
| Public notice | The fund announces the process within three working days of OJK’s orderSource 15 |
| Claim window | Submit within 30 working days of the announcementSource 15 |
| Excluded parties | Those responsible for the loss and specified controlling owners, managers and related parties cannot claimSource 15 |
At a glance21
Security and fund-custody controls
| Control | Published scope |
|---|---|
| Registration checks | Email verification, physical-ID checks and face livenessSource 4Source 11 |
| Payout verification | Bank-account name validation during onboardingSource 4Source 11 |
| AKSes records | Fund confirmations and periodic statements can be downloaded through the linked AKSes accountSource 4Source 11 |
| Record discrepancy | The mutual-fund terms make the custodian bank’s records the reference where records differSource 4Source 11 |
Support and official identity
Sections ↑At a glance22
Official contact references
| Route | Published reference |
|---|---|
| Help centre | help.siminvest.idSource 13Source 4 |
| Company website in APEI | sinarmassekuritas.co.idSource 13Source 4 |
| Company telephone in APEI | +62 21 392 5550Source 13Source 4 |
| Corporate office | Sinarmas Land Plaza Tower 3, Floor 7, Jl. M.H. Thamrin No. 51, Central JakartaSource 13Source 4 |
Reports, rewards and fund-account consolidation
Sections ↑At a glance23
Reports and research
| Service | Published scope |
|---|---|
| Tax Report / December statement | Supporting acquisition-cost and year-end-value information described in the tax guideSource 12Source 11Source 1 |
| Tax responsibility | The report is supporting data; the client remains responsible for the filed returnSource 12Source 11Source 1 |
| Fund confirmations | Electronic AKSes access under the mutual-fund termsSource 12Source 11Source 1 |
| Morning Call / Stock Picks / Expert Insights | Research and educational features advertised by SimInvestSource 12Source 11Source 1 |
At a glance24
Rewards are separate from cash balances
| Programme | Published description |
|---|---|
| StarPoin | The fee article describes points earned on eligible SimInvest activity and redemption into available share or fund unitsSource 2Source 1Source 4 |
| XP and referrals | Advertised features or optional registration codes; campaign terms determine any benefitSource 2Source 1Source 4 |
| Virtual-trading balance | Practice money rather than withdrawable client fundsSource 2Source 1Source 4 |
At a glance25
SAM-to-SMS fund-account consolidation
| Item | Published procedure |
|---|---|
| Account change | Transfer from SAM IFUA to SMS IFUA under the same SID and custodian, with consentSource 10 |
| Manager role | Sinarmas Asset Management remains the fund managerSource 10 |
| Distributor role | Sinarmas Sekuritas becomes the transaction/distribution channelSource 10 |
| Old channel | SAM transaction functions are disabled after consolidation; historical viewing remains available through Simas FundSource 10 |
| Migration charge | No fee under the consolidation termsSource 10 |
| Destination ownership | SMS IFUA must be in the investor’s own name; joint accounts are excludedSource 10 |
At a glance26
Consolidation timing and historical data
| Item | Published rule |
|---|---|
| Processing batch | Wednesday after 12:00 WIB, excluding the month-end Wednesday batchSource 10 |
| Transaction pause | Thursday and Friday; holidays can move the process to the following weekSource 10 |
| History transferred | Average NAV and FIFO history are not carried into the new account displaySource 10 |
| Redemption-fee relief | Charges caused by missing FIFO history are waived for three months after migration, then normal calculation resumesSource 10 |
| Confirmation | KSEI email confirmation follows the transferSource 10 |
Legal company and business scope
Sections ↑At a glance27
Company and entity distinctions
| Reference | Established point |
|---|---|
| Legal securities company | PT Sinarmas SekuritasSource 13Source 10Source 11 |
| Industry-association record | APEI lists member DH as active, with broker-dealer and underwriting business categoriesSource 13Source 10Source 11 |
| Fund manager | PT Sinarmas Asset Management is a separate companySource 13Source 10Source 11 |
| App brand | SimInvest does not replace the legal securities company as contracting partySource 13Source 10Source 11 |
- Headquarters
- Indonesia
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
PT Sinarmas Sekuritas
No separate licence entry is recorded in this panel.
Practical points before choosing the service
Sections ↑At a glance28
Questions that affect cost and cash availability
| Decision | Why it matters |
|---|---|
| Monthly trading volume | Changes the next month’s fee classSource 2Source 8Source 5Source 10 |
| Unpaid settlement | Can lead to purchase suspension and forced salesSource 2Source 8Source 5Source 10 |
| Need for immediate cash | Same-day deposits and unsettled proceeds are restricted; withdrawals have a cutoffSource 2Source 8Source 5Source 10 |
| Existing SAM holdings | Consolidation creates a temporary dealing pause and does not carry all cost-history dataSource 2Source 8Source 5Source 10 |
Sources & further reading
- SimInvest: products, app features and virtual trading Sinarmas Sekuritas (SimInvest) · Accessed 27 Oct 2026
- Sinarmas Sekuritas: five-class transaction-fee schedule Sinarmas Sekuritas (SimInvest) · Accessed 29 Oct 2026
- Sinarmas Sekuritas: VAT treatment from 1 January 2025 Sinarmas Sekuritas (SimInvest) · Accessed 27 Oct 2026
- SimInvest: registration, identity verification and account activation Sinarmas Sekuritas (SimInvest) · Accessed 27 Oct 2026
- SimInvest: withdrawal eligibility, minimum and processing windows Sinarmas Sekuritas (SimInvest) · Accessed 29 Oct 2026
- SimInvest: reasons a withdrawal can fail Sinarmas Sekuritas (SimInvest) · Accessed 27 Oct 2026
- Sinarmas Sekuritas: late-payment penalty Sinarmas Sekuritas (SimInvest) · Accessed 27 Oct 2026
- Sinarmas Sekuritas: purchase suspension and forced sales after settlement default Sinarmas Sekuritas (SimInvest) · Accessed 27 Oct 2026
- SimInvest: available RDN banks Sinarmas Sekuritas (SimInvest) · Accessed 27 Oct 2026
- SimInvest: SAM-to-SMS fund portfolio consolidation terms Sinarmas Sekuritas (SimInvest) · Accessed 29 Oct 2026
- Sinarmas Sekuritas: general mutual-fund investment terms Sinarmas Sekuritas (SimInvest) · Accessed 27 Oct 2026
- SimInvest: stock-investment tax-report guide Sinarmas Sekuritas (SimInvest) · Accessed 27 Oct 2026
- APEI: Sinarmas Sekuritas member profile Indonesian Securities Companies Association · Accessed 27 Oct 2026
- Indonesia SIPF: current member list Indonesia SIPF · Accessed 27 Oct 2026
- Indonesia SIPF: protected assets, investor eligibility and claims Indonesia SIPF · Accessed 27 Oct 2026
- OJK KEP-69/D.04/2020: investor compensation limits, effective 2 January 2021 OJK / Indonesia SIPF · Accessed 27 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.