A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.
| Factor | Score | Weight |
|---|---|---|
| Regulation & licensing | 97 | 35% |
| Company age | 22 | 15% |
| Clone / impersonation | 100 | 12% |
| Withdrawal & exposure complaints | 0 | 12% |
| Offshore registration | 10 | 8% |
| Transparency (site/info/social) | 100 | 10% |
Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.
| Regulator | License type | License No. | Region | Status |
|---|---|---|---|---|
| ASIC | Forex Execution License (STP) | 330757 | Australia | — |
| FCA | Inst Forex Execution (STP) | 801104 | United Kingdom | — |
There aren’t enough independent reviews for Fake Alpha Securities yet to draw firm conclusions. The lack of public feedback is itself a caution sign for a smaller or newer broker.
0Fake Alpha Securities is a forex and CFD broker based in Australia, with records dating to 2018-03-22. It reports oversight from ASIC, FCA.
FXCanary’s verdict is “Severe.” The combination of weak regulation and user complaints means your capital could be at serious risk.
Overview compiled by FXCanary from regulatory records and public data. full Fake Alpha Securities review