Various studies have reported the use of alkali-activated composites to enable sustainable development in the construction industry as these composites eliminate the need for cement. However, few studies have used ferronickel slag aggregates (FSAs) as an aggregate material for alkali-activated composites. Alkali-activated composites are environmentally friendly and sustainable construction materials that can reduce carbon dioxide emissions from cement production, which accounts for 7% of global carbon emissions. In the construction industry, various research was conducted to improve the performance of alkali-activated composites, such as changing the binder, alkali activator, or aggregate. However, research on the application of ferronickel slag aggregate as an aggregate in alkali-activated composites is still insufficient. In addition, the effect of ferronickel slag aggregate on the performance of alkali-activated composites when using calcium-based or sodium-based alkali activators has not been reported yet. Thus, this study prepared ground granulated blast-furnace slag-based alkali-activated composites with 0, 10, 20, and 30% FSA as natural fine aggregate substitutes. Then, the fluidity, micro-hydration heat, compressive strength properties, and resistance to chloride ion penetration of the alkali-activated composite were evaluated. The test results showed that the maximum temperature of the CF10, CF20, and CF30 samples with FSA was 35.4–36.4 °C, which is 3.8–6.7% higher than that of the CF00 sample. The 7 d compressive strength of the sample prepared with CaO was higher than that of the sample prepared with Na2SiO3. Nevertheless, the 28 d compressive strength of the NF20 sample with Na2SiO3 and 20% FSA was the highest, with a value of approximately 55.0 MPa. After 7 d, the total charge passing through the sample with Na2SiO3 was approximately 1.79–2.24 times higher than that of the sample with CaO. Moreover, the total charge decreased with increasing FSA content.