Search
CloseOpen
How to Buy Roblox Stock
Back to blog categories

How to Buy Roblox Stock

Thanks to the numerous online trading platforms, now you can easily purchase almost any stock in the world, including Roblox (RBLX). This article will show you exactly how to buy Roblox stock and what to do after you've acquired it. Please keep in mind that this article is not offering any trading advice. We're simply showing you the step-by-step process of purchasing the stock.

About Roblox

Roblox Corporation is an American video game development company. Founded in 2004, the company's headquarters are in San Mateo, California.

The company is famous for releasing the game with the same name, Roblox, in 2006. Roblox is an online game creation system and game platform where users can create their own games by using the programing language Lua. 

Initially available only for Windows, Roblox became available for iOS users in December 2012 and for Android users in July 2014. As of November 2015, the game is also available for Xbox One users. 

Because of the high number of platforms released during that period and the lack of interest for press coverage of one of the cofounders, Roblox was largely unknown to the public during the first years. 

The game began to grow during the second half of the 2010s and became a big name during the Covid-19 pandemic, reaching 164 million users in 2020.

Although a free-to-play game, users can make in-game purchases using "Roblux," a virtual currency.  

Roblox stock

Roblox is traded on the New York Stock Exchange (NYSE) under the ticker RBLX. The company went public in March 2021 with a $41 billion valuation. 

After the first day, RBLX stock closed at almost $70. Since then, the RBLX stock price continued to slowly rise until reaching an all-time high of $134 in November 2021. Shortly after, the stock price fell sharply, reaching an all-time of $58 in January 2022. 

Roblox plunged by more than 36% due to a fiscal policy change of the Federal Reserve.

How to Buy Roblox Shares

Below you will find a simple step-by-step process that will take you from here to owning the Roblox stock and beyond. What you do after you buy the stock is just as important as buying it from the right online broker.

Step 1 – Find the Right Broker for You

Before buying RBLX stock, you first need to pick a trading platform and open an account. If you already do, just skip this step.

If you don't have one opened, you might be wondering which platform to start using—the answer: the best platform for you.

To find the best platform you can use, go to our best trading app comparison page. Once there, please answer a few questions, and our algorithm will show you which broker is the best for you. 

Step 2 – Open your account

After you've discovered the best trading platform, it's time to open an account. By clicking the button on our comparison page, you will be taken directly to the sign-up page on the brokers' website. 

Once there, you need to fill in the required information and receive an email to confirm and activate your account. 

Step 3 – Verify your identity

This is a mandatory step if you want to have access to all the platform's features and make deposits and withdrawals. Some platforms will allow you to make a small deposit before the process is complete, but not withdrawals. 

To confirm your identity, you upload your ID and, depending on the platform, other additional documents. In some cases, you will even receive a phone call from one of the company's representatives. 

The entire process can take anywhere from a few hours to a few days. 

Step 4 – Making your deposit 

After the KYC process is finished, you can make your first deposit. Most platforms accept several payment methods, like:

  • Credit/debit cards
  • Bank transfer
  • Mobile wallets (Paypal, etc.)

The transfer fees can vary significantly based on your chosen method. To make sure you use the cheapest way, read our review of that broker. We mention all the fees of each broker, so you don't have any surprises.

Step 5 – Buy Roblox stock

Now that you funded your account, you can buy the Roblox stock. To do that, search for the company's name on the platform and then click the buy button. Again, depending on your broker, the minimum amount you can invest may vary. 

Step 6 – Monitor Your Roblox Investment

Purchasing a Roblox share and forgetting about it isn't a sound investment strategy. Instead, you should constantly monitor your position and news about the company. This way, you won't get caught off-guard when the stock price plummets or soars. 

Being constantly informed will also help you decide when to sell a stock. Knowing when to get out of a position is crucial for any trader or investor.

Keeping track of all your positions might be difficult if you don't have the right instruments. Therefore, we created this comprehensive yet easy-to-use investment tracker spreadsheet. It will help you see how all your investments are doing at any given time. Moreover, it's completely free. Try it now! 

Start Investing Today

Buying a stock just because you've read about it on Reddit or some other forum (link to when to buy) doesn't necessarily make it a good investment. So, before you buy Roblox shares, make sure that you understand the company's fundamentals. 

Once you've bought it, make sure you also monitor your position. Portfolio management is a crucial element for anyone who wants to become a successful investor or trader. 

Now you are truly ready to invest in Roblox! So head to our investment platform comparison page immediately and find the best broker for you.

Back to blog categories