How to buy Roblox (RBLX) shares from Australia

By   |   Verified by Andrew Boyd   |   Updated 25 Sep 2023

Roblox (NYSE: RBLX) is an American video game company offering software that lets people build games. Roblox generates revenue from its users through the sale of virtual currency called Robux, which can be used to unlock experiences and buy clothing, accessories, and emotes for their avatars.

This guide takes you though the step-by-step process of buying Roblox shares from Australia.

About the company

Roblox overview

Founded in 2004 by David Baszucki and Erik Cassel, Roblox has headquarters in San Mateo, CA. The company launched its IPO in March 2021, on revenues of over $620 million in 2020. Similar stocks Roblox include Sea Limited (NYSE: SE), Activision Blizzard (NASDAQ: ATVI), and Zynga (NASDAQ: ZNGA).

Unsure about what trading platform to use?

Where to buy Roblox shares

eToro

On website

Highlights

  • Trade and invest in top financial instruments, including a wide selection of stocks.
  • eToro is regulated by CySec, FCA, and ASIC.
  • Your funds are protected by industry-leading security protocols.
  • Earn up to 5.3% annual interest on your balance.
Saxo Markets

On website

Saxo Markets

Highlights

  • Invest in 23,500+ stocks from ASX, New York, Hong Kong, and 50+ other global markets.
  • No platform fees, no inactivity fees, and no FX fees on each trade.
  • Analyse, improve and manage your risk using intuitive trading tools.
Pearler

On website

Highlights

  • Enjoy low, transparent fees.
  • An option to Autoinvest. Set-and-forget your investment strategy.
  • Simply invest into any ETF from one of Pearler's ETF managers for at least one year, and it's free.
  • Clearing House Electronic Sub-register System (CHESS) sponsored.
Superhero

On website

Highlights

  • Open an account with just $100 and start investing today with a $5 flat-free brokerage ($0 on US shares) on share trades.
  • Buy and sell US shares & ETFs with $0 brokerage plus trade unsettled funds.
  • Fund your account in minutes with PayID and enjoy realtime FX transfers for fast US share trading.
Tiger Brokers

On website

Highlights

  • Available for ASX, US & HK stocks trading, ETFs, and US options trading.
  • Free market data for ASX and US stocks.
  • More accessible investment to all with a demo account.
Webull

On website

Webull

Highlights

  • Trade AU & US stocks, ETFs, and Options with $0 commission for the first 30 days.
  • Provides intuitive and powerful advanced charts, multiple technical indicators, and premier Level 2 Advance (Nasdaq TotalView).
  • Regulated by ASIC.

Pros

  • Invest from as little as US$5.
  • No deposit or withdrawal fees.
  • Allows you to trade fractional shares.
  • Access to advanced trading tools.

Cons

  • Scarcity of instructional resources for investors.
  • Supports AU and US markets only.
Moomoo

On website

Moomoo

Highlights

  • Trade blue-chip stocks in AU and US markets.
  • Trade multi-markets and multi-products with a lower commission. No custodian fee.
  • CHESS-Sponsored trading is now available.
  • Regulated by the Australian Securities and Investments Commission (ASIC).

Find an online trading platform and compare fees, tradable assets, market access, and more.

First time buying?

How to buy Roblox shares

Step 1: Pick a broker

To access the market and trade Roblox shares, you need to open and fund an account with a broker. Here is everything you need to look for when choosing a trading platform.

Commission-free trading

Many brokers have migrated towards a zero-commission model to compete with mobile investment apps.

Fractional share trading

Some shares are more expensive than others. Fractional shares give you exposure to price action while giving you the flexibility to diversify your holdings and de-risk.

Low account fees

Broker fees eat into your profits. Compare the fee schedules from your shortlist of brokers to get the best deal.

Margin trading

Margin may be extended to you at some brokers to help you grow your account quickly. However, if the price drops, you may have to post maintenance margin to cover the loss on the loan.

Real-time data and charts

Most trading platforms don't come with live market data. You'll need to check the subscription costs for real-time market data.

Step 2: Fund your trading account

Bank transfers and debit cards are widely accepted ways to fund your account. Some brokers — but not all — accept credit cards. When you fund a new broker account, it may take a little longer for those funds to clear since the broker may have to carry out have additional verification checks. However, subsequent deposits usually clear much faster. It's important to keep this in mind if you want to make a time-sensitive trade.

Step 3: Decide your investment amount

Your risk appetite is the most important part of establishing your trading strategy and trading plan. Only risk money that you can afford to lose.

Most seasoned day traders agree that placing more than 5% of your total account balance in a single trade is a bad idea. Avoid the temptation to put all of your account into a single trade, no matter how confident you are.

Step 4: Choose between a share of stock or ETFs

You can choose between buying Roblox shares outright or purchasing an ETF. An exchange-traded fund is a financial vehicle that contains a weighted basket of shares in a sector or geography and can be traded much like you would an individual company's stock.

An ETF with exposure to Roblox — examples include Vanguard Mega Cap Growth ETF (MGK), Roundhill Ball Metaverse ETF (META), and ARK Next Generation Internet ETF (ARKW) — will give you exposure to price action for Roblox while distributing your risk across the performance of several companies.

Step 5: Set up your order

Once funds have cleared into your account and you've decided what you want to invest in, it's time to place an order. You can configure it in line with your desired outcome.

Market order

With a market order, you buy Roblox shares at the next price quoted to you by the market. However, if you want to enter at US$50, and you're using a market order, your broker might fill you at a different price. This disparity between the price you wanted and what you paid is known as "slippage."

Limit order

The limit order is a great way to offset slippage in your trading by entering the maximum price you're willing to pay. The broker won't execute at any price above this limit. As a result, you never get slippage on your orders. However, in fast-moving markets, the broker may only partially fill your order due to price volatility.

Stop limit

This order type is another automated tool for cashing out with your profits when you hit your price target. For example, you buy Roblox at US$50 and set your stop limit for US$75. When the price reaches this level, the broker automatically triggers the sell order.

Stop loss

If you're a new trader, this order type can prevent you from incurring a substantial loss by selling out of your position if the share drops to a specified price.

Step 6: Place the order

After settling on the right order type to manage your trade, it's time to execute your trading plan. If you open your trading platform, you'll see fields you need to complete before placing your order.

Enter the ticker symbol (RBLX), complete the other remaining fields with your share size, and then the limit order price you're willing to pay for the stock. Click the buy button, and the broker will execute your order.

After you buy

What moves Roblox's share price

Roblox is part of the tech and gaming sector. It's also one of the leading names in the emerging metaverse economy. Watch for press releases, company announcements, and earnings reports for price volatility and trading opportunities.

Since Roblox is distributed through App Stores, it's worth tracking news for Apple (NASDAQ: AAPL), Alphabet (NASDAQ: GOOG), and Microsoft (NASDAQ: MSFT), especially given their control of the distribution channel. Facebook (NASDAQ: FB) is also investing heavily in the metaverse, so look out for announcements from them that may lead to more interest in the space.

Disclaimer: We put our customer’s needs first. The views expressed in this article are those of the writer’s alone and do not constitute financial advice. Advertisers cannot influence editorial content. However, Finty and/or the writer may have a financial interest in the companies mentioned. Finty is committed to providing factual, honest, and accurate information that is compliant with governing laws and regulations. Do your own due diligence and seek professional advice before deciding to invest in one of the products mentioned. For more information, see Finty’s editorial guidelines and terms and conditions.