RoboForex is not a scam – though the broker has been impersonated by potential scammers in the past. RoboForex (and its EU-based RoboMarkets brand) holds three regulatory licenses; the RoboForex entity holds licenses in Belize and Seychelles, and the RoboMarkets brand holds a license in Cyprus. file_copyWatch out for copies! Scammers will often impersonate legitimate brokers via a strategy called “cloning.” It’s important to know the difference between a bogus website and your broker’s domain – learn more about how to avoid forex scams.