Overall Score69 / 100The Wikilix trust rating of Alaric Securities, out of 100, built from the five factors below.Good: FCA 783168 is in force with 1 more, and the published scam check reads appears legitimate.Regulation84%Identity95%Client terms46%Trading offer47%Service65%Score last calculated 2026/10/17
Good65 to 79. A solid record with minor gaps and no stop sign.Why: Good: FCA 783168 is in force with 1 more, and the published scam check reads appears legitimate.
69 out of 100 · 71% checkedThe share of the record we could verify. What we could not check counts as unknown and pulls the score toward the middle, never down.
Do not trust
High risk
Fair
Good
Excellent
Good: FCA 783168 is in force with 1 more, and the published scam check reads appears legitimate.
RegulationWhether a financial authority supervises this broker: the licences it holds, whether we verified them on the official register, how strong that regulator is and what protection it gives clients. Worth 35 points of 100.
84Excellent
IdentityWho is behind it and for how long: a company registration we verified, years of verified history, how openly it names its entity, address and owners, and whether its website is intact. Worth 15 points.
95Excellent
Client termsHow fair the client agreement is: the risk found in our policy review, the number of critical clauses, withdrawal rules, and whether the terms say the same in every language. Worth 15 points.
46Poor
Trading offerWhat trading costs and how clearly it is disclosed: pricing per account type, the all-in cost of EURUSD, instruments, platforms, leverage against regulated limits and the minimum deposit. Worth 20 points.
47Poor
ServiceHow clients are treated: support channels, complaints about withdrawals and reputation from our investigation, and reviews by WIKILIX members. Worth 15 points.
65Good
We checked Alaric Securities on 2026-10-17 across regulation, corporate record, client terms, trading offer and service, covering 71% of the record. The best licence in force was FCA 783168, with 1 more in force. The weighted pillars summed to 69 and no gate capped it. What would change it: licence held by the onboarding entity, policy risk, critical clauses. The published scam check reached the verdict "appears legitimate" and established 15.5 years of track record. No policy review had been published, so the client terms were not scored.
What Wikilix has recorded about Alaric Securities: its history, the licences it holds, its trading conditions and its fees.
Alaric Securities Broker Overview
Alaric Securities is the trading brand of Alaric Securities OOD, a Bulgarian investment intermediary with its registered office and principal place of business at 20 Todor Alexandrov Blvd, 1303 Sofia. The company is recorded on the Bulgarian Commercial Register under number 201482151, where its first entry dates from March 2011. Unlike most brokers carrying a forex listing, Alaric Securities is not a retail contracts-for-difference shop: it is a broker-dealer routing orders in US stocks, ETFs and options, with European and Japanese equities alongside, through its own Hammer platform family and through Sterling desktop software.
Alaric Securities Regulation and License
Alaric Securities OOD states on its own and in the disclaimer at the foot of every page that it is authorised and regulated by the Financial Supervision Commission of Bulgaria under firm reference number RG-03-236-1, and that the authorisation is passported into 26 further EU and EEA states including Germany, France, Italy, Spain, the Netherlands and Ireland. The licence covers financial derivatives trading, securities trading and bonds trading. A separate company, Alaric Securities (UK) Ltd, is named on the same pages as authorised by the Financial Conduct Authority under firm reference number 783168.
Is Alaric Securities Regulated?
Yes, on the basis of a licence held by a named EU investment firm rather than an offshore registration. WIKILIX confirmed Alaric Securities OOD as an active company on the Bulgarian Commercial Register, at the same Sofia address the licence is issued to, and the licence details are consistent across the broker's own site and its licence documentation. WIKILIX did not open the Financial Supervision Commission's own register during this research, so a prospective client who wants the authorisation confirmed at source should check it there before funding an account.
Alaric Securities OOD and Alaric Securities (UK) Ltd
Two companies carry the Alaric name and they are not interchangeable. Alaric Securities OOD owns and operates alaricsecurities.com and is the entity a client of the main site contracts with. Alaric Securities (UK) Ltd is a related company registered in England and Wales under number 10204731, with a registered office at One Fleet Place, London EC4M 7WS. That company is active on the UK register and was incorporated on 28 May 2016 under the name First London Brokers Ltd, which it carried until June 2024. It operates its own site and is a separate contracting party.
Alaric Securities License RG-03-236-1
Licence RG-03-236-1 is issued to Alaric Securities OOD in Bulgaria and is shown as being in force. Its recorded scope is financial derivatives trading, securities trading and bonds trading, and the licensed institution websites are given as www.alaricsecurities.com and www.alaric.bg. As a Bulgarian investment intermediary the firm falls under MiFID conduct rules, and the site states that client funds are held in segregated accounts and are covered by the Bulgarian Investor Compensation Fund up to EUR 20,000.
Is Alaric Securities Safe?
The structural indicators are stronger than they are for most brokers with a forex listing, but regulation on its own is not safety. In favour: a real, traceable operating company with a fifteen year record on its home register, a licence issued in an EU member state with a statutory compensation scheme behind it, an ordinary segregated-funds arrangement, and a published fee schedule detailed enough to price before depositing. Against: this is a leveraged execution business aimed at active and professional traders, intraday margin runs as high as 40:1 on the largest accounts, and the compensation ceiling of EUR 20,000 is well below the balances the Pro tier is designed for.
Alaric Securities Account Types
Accounts are opened as individual or corporate. Within that, the site offers a cash account for cash transactions only, a margin account, and a portfolio margin account. Margin accounts are graded by account equity: Starter from $500 to $999, Active from $1,000 to $99,999, and Pro from $100,000. The stated minimum for a margin account is $1,000 on Hammer Pro and $2,000 on the Sterling and Lightspeed platforms. All trading accounts are denominated in USD; EUR can be deposited but is converted.
Alaric Securities Spreads, Commissions and Fees
US stocks, ETFs and options trade commission free on Hammer Lite Plus. Clients on the Active Trader schedule pay per share and per contract instead, starting at $0.0035 per share and $0.60 per options contract and falling to $0.0010 per share and $0.25 per contract at the highest monthly volumes. European and Japanese stocks and ETFs are charged at 0.045% of trade value. Call-in and margin-call trades cost $30 per ticket. Platform access is charged separately: Hammer Lite is free, Hammer Lite Plus is $14.95 a month, Hammer Pro starts at $29.95 a month, and each Sterling platform is $175 a month. The site states there are no per-trade minimums, no inactivity fees and no account-opening minimum deposit.
Alaric Securities Leverage
Margin depends on account equity. Standard buying power runs 3:1 intraday and 1:1 overnight at Starter, 6:1 and 2:1 at Active, and 9:1 and 3:1 at Pro. On review, Active accounts can reach 12:1 intraday and Pro accounts 40:1 intraday with 10:1 overnight.
Alaric Securities Trading Platforms
There is no MetaTrader here. Alaric Securities runs its own Hammer family: Hammer Lite for desktop, web and mobile, Hammer Lite Plus with scanners and hotkeys, and Hammer Pro with depth of market and chart trading. It also resells Sterling Trader Pro and Sterling LST for the desktop, and publishes a WebSocket API for clients building their own front end. A 30 day demo with $100,000 in virtual funds is offered.
Alaric Securities Deposits and Withdrawals
Funding is by bank wire, SEPA transfer or credit and debit card; cryptocurrency is not accepted and only EUR and USD are taken. USD wire deposits are free up to $5,000 and cost $29 above that, and clear in one to three business days; card deposits clear in up to five minutes. Withdrawals carry 0.15% of the amount by bank transfer, with a $30 minimum and a $150 cap, or a flat $10 on Hammer Lite, and EUR 3.50 by SEPA up to EUR 25,000. There is no minimum withdrawal. Alaric processes a withdrawal within one business day and the receiving bank may take one to three more. Third-party deposits are refused and money can only be sent to a bank account in the client's own name.
Alaric Securities Support
Support is advertised as available 24/5 by telephone on +359 243 981 61, by email at support@alaricsecurities.com, and through a dedicated help centre at support.alaricsecurities.com. An FAQ hub is published at .
Alaric Securities Pros and Cons
Regulated by an EU authority through a named and registry-confirmed operating company, with a statutory compensation scheme up to EUR 20,000.
A fifteen year record on its home company register, which is unusually long for a broker at this size.
Detailed and specific published pricing, so costs can be worked out before an account is funded.
Direct market access execution with tiered volume pricing that genuinely rewards active traders.
Platform access is a real recurring cost: the professional tiers run from $14.95 to $175 a month.
No forex or CFD offering, no MetaTrader and no swap-free account, so this is not a substitute for a retail FX broker.
The EUR 20,000 compensation ceiling is small relative to the $100,000 equity the top margin tier assumes.
Alaric Securities Review and Assessment
Alaric Securities is an equities and options execution broker for active and professional traders, operated by an EU-licensed Bulgarian investment firm with a verifiable corporate record and unusually transparent pricing. The most important thing to settle before funding an account is whether the product actually matches what you want to trade: the offering is US and European cash equities, ETFs and options on proprietary and Sterling platforms, with monthly platform fees and equity-graded margin, not leveraged currency trading.
Website archive
Captured
Website snapshots
11 full-page captures of Alaric Securities's own site, archived so what they said can still be read after the pages change.
Alaric Securities holds a tier-1 or tier-2 licence that we confirmed on the regulator's own register. Each licence below opens its record of what that register says.
2 of 2 checked
Licences on recordEvery licence or registration recorded for this broker, whether the broker claims it or our check found it.
2
Confirmed on registerLicences we located on the issuing regulator's own public register, with a screenshot taken at the time.
2
Tier 1 or 2Licences from tier-1 or tier-2 authorities (FCA, ASIC, CySEC and peers), the strongest client protection. A registration we could not confirm as a licence is not counted.
1
OffshoreLicences from offshore registers, which typically carry no compensation scheme and lighter oversight.
1
WIKILIX
Licence intelligence
The strongest of 2 licences on file
Licence Verification Record
Financial Conduct Authority783168
Wikilix read the FCA register on Sep 4, 2026. This is what it said.
Jurisdiction
United Kingdom
Authority strength
Tier 1
Register status
Active
Checked Sep 4, 2026
What our check found
A full FCA authorisation held by the group's UK company, Alaric Securities (UK) Ltd (formerly First London Brokers Ltd), a MiFIDPRU investment firm providing electronic brokerage in global equities and exchange-traded derivatives, mainly to UK clients. It is a separate legal entity from the Bulgarian OOD. Client protection: FCA conduct rules and FSCS eligibility up to 85,000 pounds for eligible clients of the UK entity; EU clients contract with the Bulgarian company and rely on the Bulgarian scheme instead..
Client protection under this licence
Compensation schemeUp to £85000 (FSCS)
Client money kept separate
Negative balance protection
Complaints routeFinancial Ombudsman Service
Maximum leverage1:30
These are the rules FCA sets for the firms it licenses. They are not a statement about how Alaric Securities applies them, or about which of its companies would hold your account.
A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.
Cash transactions only; equities from $0.0035 to $0.0010 per share and options from $0.60 to $0.25 per contract on the Active Trader schedule, or zero commission on Hammer Lite Plus
Corporate AccountCorporate
—Not recorded
—Not recorded
Same commission schedule as individual accounts; opened through the support team
Client acceptance
Country availability
Where Alaric Securities says it will and won't take clients
27 countries
27
Explicitly accepted
Named as accepted — not a full list of served markets
1Whitelist taken from the broker's own site-wide footer disclaimer and its regulation page (https://alaricsecurities.com/regulation/), which name the 27 EU and EEA jurisdictions in which Alaric Securities OOD states it is authorised and regulated to provide services: Bulgaria, Austria, Belgium, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain and Sweden.
2Terms and Conditions (https://alaricsecurities.com/terms-conditions/): reached and read in full; it names the operating entity and the authorised jurisdictions but publishes no restricted, prohibited or excluded country clause.
3Dedicated countries page: no /restricted-countries, /prohibited-countries or /accepted-countries path is published or linked; the FAQ hub (https://alaricsecurities.com/answers/) was searched across its Getting Started and Regulation categories and holds no restriction list.
4Signup form (https://alaric-pro.alaricsecurities.net/authentication/sign-up/individual): reached; the residence selector is headed 'Select your country of residence from the list of supported ones' but offers an effectively complete world list of about 227 entries, including jurisdictions under comprehensive international sanctions. It is therefore a generic country list rather than an enforced onboarding policy, and no code was taken from it into any blocked list.
5Funding and AML material (https://alaricsecurities.com/answers/?include_category=funding-deposits-withdrawals and https://alaricsecurities.com/legal-and-regulatory-information/): reached; both hold funding rules, including a bar on third-party deposits, but neither names a restricted jurisdiction.
6Footer risk disclaimer and site language variants: reached on every page of the site; the disclaimer names only the authorised jurisdictions above and no excluded market. The broker also publishes a separate UK-facing site for its related UK company, which is outside this record.
7No jurisdiction was found that the broker's own text names as one it refuses, so no code was written to blockedConfirmed, blockedLikelyUnconfirmed or blockedDependentTerritories.
Deposits & withdrawals
Funding Methods
3 ways to fund an account. One with no deposit fee. One credits instantly.
3 methods
Method
Deposit fee
Withdrawal fee
Min deposit
Withdrawal min / max
Processing
Bank Wire (SWIFT)Wire TransferUSD deposits are free up to $5,000 and $29 above that. Withdrawals cost 0.15% of the amount, minimum $30 and maximum $150; a $10 flat withdrawal fee applies on Hammer Lite. Deposits clear in 1 to 3 business days. Withdrawals are processed by Alaric within 1 business day and the receiving bank may take a further 1 to 3 days. Third-party funding is not accepted.
Free
0.15%
—Not recorded
—Not recorded/—Not recorded
Up to 3 days
SEPA TransferBank TransferWithdrawal fee is EUR 3.50 for amounts up to EUR 25,000 and EUR 7.00 above that. EUR is converted to USD because all trading accounts are denominated in USD.
—Not recorded
EUR 3.5
—Not recorded
—Not recorded/—Not recorded
Up to 3 days
Credit / Debit CardCredit CardCard deposits clear in up to 5 minutes. Withdrawals are returned by bank transfer to an account in the client's own name.
—Not recorded
—Not recorded
—Not recorded
—Not recorded/—Not recorded
Instant
Websites
Global Domains
6 domains on record. All active and served over HTTPS.
2 legal entities behind the Alaric Securities brand.
2 entities
Alaric Securities OODActiveLicence holderBulgaria·Registration 201482151·Established Mar 12, 2011Holds FSCOperating entity behind the Alaric Securities brand, entered on the Bulgarian Commercial Register as "Аларик Секюритис" with the foreign-language transcription Alaric Securities OOD. Its stated scope of business is investment services and activities across Bulgaria and the EU and EEA.
Alaric Securities (UK) LtdActive·Registration 10204731·Established May 28, 2016Related UK company, active on the UK register and incorporated on 28 May 2016 under the previous name First London Brokers Ltd, which it carried until 4 June 2024. The broker's own site names it as authorised and regulated by the Financial Conduct Authority under firm reference number 783168.
Company registry check
Checked
Company Registration
The operating company is Alaric Securities OOD. Registered in Bulgaria. Registration number 201482151.
3 other brokers on the record share what Alaric Securities offers — its country, regulator, account types or platforms — set beside it on the same measures.
By telephone on +359 243 981 61, by email at support@alaricsecurities.com for service matters or sales@alaricsecurities.com for commercial enquiries, and through the help centre at support.alaricsecurities.com. The site advertises dedicated support 24/5 and publishes an FAQ hub at alaricsecurities.com/answers.
Yes. The site offers a 30 day demo with $100,000 in virtual funds, opened through its client portal.
Nothing found in this research supports that. The operating company is named openly, confirmed as active on its home company register at the address it publishes, and carries an EU investment firm licence with a compensation scheme behind it. The honest cautions are commercial rather than fraud-related: monthly platform fees, intraday margin as high as 40:1 for the largest accounts, and a EUR 20,000 compensation ceiling.
Alaric Securities OOD states it is authorised to provide services in Bulgaria and 26 further EU and EEA jurisdictions, including Germany, France, Italy, Spain, the Netherlands, Ireland and Poland. The site publishes no list of countries it refuses. Its registration form offers a very broad country selector, so the authorised jurisdictions above are the reliable guide to where it is entitled to operate.
No. Despite carrying a forex listing, the offering is cash equities, ETFs and options: about 3,000 US stocks and options plus European and Japanese equities. There is no retail currency or contracts-for-difference product, no swap-free account and no MetaTrader.
The site states that client money is held in segregated accounts with its banking partners and is covered by the Bulgarian Investor Compensation Fund up to EUR 20,000 per account. That ceiling is a statutory scheme limit and is well below the equity the top margin tier is designed around, so a larger balance is not fully covered.
The broker states it processes a withdrawal request within one business day, after which the receiving bank may take a further one to three days. A bank transfer withdrawal costs 0.15% of the amount with a $30 minimum and a $150 cap, or a flat $10 on Hammer Lite; SEPA is EUR 3.50 up to EUR 25,000 and EUR 7.00 above. There is no minimum withdrawal amount, and money can only be sent to a bank account in the client's own name.
Funding is by bank wire, SEPA transfer or credit and debit card, in EUR or USD only. USD wire deposits are free up to $5,000 and $29 above that, clearing in one to three business days, while card deposits clear in up to five minutes. Cryptocurrency is not accepted and deposits from a third party are refused.
Its own Hammer family: Hammer Lite for desktop, web and mobile, Hammer Lite Plus at $14.95 a month, and Hammer Pro from $29.95 a month. It also resells Sterling Trader Pro and Sterling LST for the desktop at $175 a month each, and publishes a WebSocket API. There is no MetaTrader 4 or MetaTrader 5.
US stocks, ETFs and options trade commission free on Hammer Lite Plus. On the Active Trader schedule, US equities cost $0.0035 per share falling to $0.0010 at the highest monthly volumes, and US options cost $0.60 per contract falling to $0.25. European and Japanese stocks and ETFs are 0.045% of trade value, and call-in or margin-call trades are $30 per ticket. Platform access is billed separately, from free on Hammer Lite to $175 a month for each Sterling platform.
Buying power is graded by account equity. Starter accounts of $500 to $999 get 3:1 intraday and 1:1 overnight, Active accounts of $1,000 to $99,999 get 6:1 and 2:1, and Pro accounts from $100,000 get 9:1 and 3:1. On review, Active accounts can reach 12:1 intraday and Pro accounts 40:1 intraday with 10:1 overnight.
The site advertises no minimum deposit to open an account. For a margin account the stated minimum is $1,000 on Hammer Pro and $2,000 on the Sterling and Lightspeed platforms. The margin equity tiers themselves start at $500.
The operating company's earliest entry on the Bulgarian Commercial Register is dated 12 March 2011, giving it roughly fifteen years of corporate history. The broker's own site describes fifteen years of industry experience, which is consistent with that record.
The site is owned and operated by Alaric Securities OOD, a Bulgarian limited liability company registered under number 201482151 at 20 Todor Alexandrov Blvd, 1303 Sofia. A related company, Alaric Securities (UK) Ltd, is registered in England and Wales under number 10204731 at One Fleet Place, London EC4M 7WS, and operates its own separate UK site.
Alaric Securities OOD states on its own regulation page that it is authorised and regulated by the Financial Supervision Commission of Bulgaria under firm reference number RG-03-236-1, with the authorisation passported into 26 further EU and EEA states. The licence covers financial derivatives trading, securities trading and bonds trading. We confirmed the company itself as active on the Bulgarian Commercial Register at the address the licence is issued to. We did not open the Financial Supervision Commission's own register during this research, so a client who wants the authorisation confirmed at source should check it there.
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