Securities & FINRA
FINRA and NASAA licensing exams for the securities industry.
Choose your exam family
Families group sibling exams — the tiers of one credential, the split and combined versions of a licence, the per-state variants. Each opens its own page with every exam and its free resources.
- FINRA Series exams20 exams2,288 free questionsThe core FINRA qualification exams.Series 7SIESeries 27Series 26+16 moreExplore FINRA Series exams →
- Futures & commodities exams5 exams378 free questionsNFA-owned futures and commodities qualification exams.Series 30Series 32Series 3Series 34+1 moreExplore Futures & commodities exams →
- Municipal securities exams5 exams348 free questionsMSRB-owned municipal securities qualification exams.Series 52Series 54Series 51Series 53+1 moreExplore Municipal securities exams →
- NASAA state exams2 exams241 free questionsNASAA-owned uniform state securities law exams, delivered via FINRA.Series 65Series 66Explore NASAA state exams →
What you'll find on every Securities & FINRA exam
Each exam has up to four pages, one per job to be done: practice the questions, understand the exam, study the outline, or revise the morning of. Flashcards and glossary terms sit inside the study guide rather than on pages of their own.
- Practice tests32
- Free question banks with a worked explanation on every answer.
- Exam guides32
- Cost, format, eligibility and difficulty, straight from the official outline.
- Study guides32
- Full outline coverage, plus the exam's flashcards and glossary terms.
- Cheat sheets32
- One-page summaries built for the last review, with a PDF download.
Frequently asked questions
Start with the SIE — it is open to the public with no firm sponsorship, and results stay valid for 4 years. Then take the representative exam your job requires (Series 6 or Series 7, both sponsor-required), pairing it with the NASAA state-law exam your role needs: Series 63, 65, or 66.
Two paths need no sponsor: the SIE, which anyone can register for, and the NASAA state-law exams (Series 63, 65, 66), which allow self-enrollment. The Series 6 and Series 7 require sponsorship by a FINRA member firm.
The SIE and Series 6 are $100 each, the Series 63 is $147, the Series 66 is $177, the Series 65 is $187, and the Series 7 is $395. Sponsoring firms often cover the fee; a retake means paying it again.
Pass rates run roughly 58% to 74%: the SIE passes about 74% of candidates and the Series 63 about 72%, while the Series 6 is the toughest of the set at about 58%. Drilling exam-style questions on the rules is what separates first-time passes from retakes.
Official sources
Every exam number on this page traces to a document published by the body that sets or administers the exam. These are the primary publishers cited across Securities & FINRA.
- FINRAfinra.orgcited by 32 exams
- NFAnfa.futures.orgcited by 5 exams
- MSRBmsrb.orgcited by 5 exams
- NASAAnasaa.orgcited by 3 exams
- Achievableachievable.mecited by 2 exams
- Kaplan Financial Educationkaplanfinancial.comcited by 2 exams
- Knopman Marksknopman.comcited by 2 exams
- U.S. Bureau of Labor Statisticsbls.govcited by 1 exam
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