Check out the Seven Reasons for Beginner Investors to Choose Stockbit

JAKARTA - Throughout 2022, the Stockbit stock investment application has presented various interesting features and intensified educational and literacy efforts to ground the message proclaimed by the Indonesian Stock Exchange, namely 3P (Understand, Have, Monitor). Stockbit does this in order to increase public participation to invest properly in the capital market.

Data from the Indonesian Central Securities Depository (KSEI) show that at the end of November 2022, the number of investors in the capital market had touched 10.15 million investors, up 35.57 percent from 7.49 million investors at the end of 2021. Specifically regarding stock investors, the figure has touched 4.38 million investors at the end of November 2022.

According to Stockbit's PR & Corporate Communication Lead, William, a significant increase in the number of investors needs to be accompanied by proper educational efforts so that people don't just follow suit or are afraid of being left behind (FOMO/Fear of Missing Out) in investing.

"We realize that some of our users are novice investors who are investing in stocks for the first time through digital platforms such as Stockbit. One of the features that we have and which we find very helpful for novice investors is Virtual Trading. This feature allows users to simulate stock investment with a virtual balance of IDR 100 million using real time market data," said William, in his statement, Wednesday, December 14.

Apart from the Virtual Trading feature, there are six other reasons why novice investors choose Stockbit as their investment application. First, Stockbit cares about its users' knowledge and understanding of the capital market.

This is realized through the Stockbit Academy, where Indonesian people can learn stocks from scratch professionally from experienced mentors, and of course this can be accessed for free.

Second, Stockbit has Stockbit Stream, which is a social forum for mutual discussion between users. Users can learn from each other and exchange ideas about current issues in the capital market and get information directly from issuers because many issuers have accounts and are active on Stockbit Stream.

The Stockbit social forum is also moderated with clear rules so that people can consume information that can be accounted for.

Third, when a user decides to invest, the fee for buying shares at Stockbit is 0.1 percent and the selling fee is 0.2 percent. This fee is among the cheapest in the industry. In addition, opening a customer fund account (RDN) at Stockbit is not subject to a minimum deposit requirement and only takes one working day. In this case, Stockbit partners with Bank Central Asia (BCA) and Bank Jago for the opening of RDN.

Fifth, users who open RDN on Stockbit will get access to the Stockbit Pro feature, which is a comprehensive stock analysis tool and helps novice investors to invest like professionals. Stockbit Pro allows users to access Keystats, Analyst Ratings, Intraday Charts, information about corporate actions, and a screener with a very complete range of indicators.

Finally, Stockbit has introduced the e-IPO feature to enable users, especially retail investors, to see a list of companies that will conduct an IPO and increase their chances of getting an allotment of shares. As of December 9, 2022, the number of companies that have issued and listed shares on the IDX has reached 58 companies.

"Stockbit users who order shares with the e-IPO feature do not need to fill in any physical documents at all, do not need to re-register, and the process is equipped with easy-to-understand instructions, even for novice investors who are not familiar with e-IPOs," concluded William.