Series 63 Practice Test

The Uniform Securities Agent State Law Exam (Series 63 exam), administered by the Financial Industry Regulatory Authority (FINRA), is used to assess your knowledge and abilities to perform adequately as an investment banking representative.

Click “Start Test” above to take a free Series 63 practice test, and check out our premium-quality Series 63 test prep resources by clicking the links below!

Series 63 Exam Outline

The Series 63 exam contains 65 multiple-choice questions, five of which are unscored, and you are given a time limit of 75 minutes. The five unscored questions, which are called “pretest” questions, are used by the exam administrators to evaluate questions for future versions of the exam. The pretest questions are unmarked and mixed amongst the scored questions, so you will not know which are the pretest questions.

The exam is split into eight sections.

1. Regulations of Investment Advisers, Including State-Registered and Federal Covered Advisers
2. Regulations of Investment Adviser Representatives
3. Regulations of Broker-Dealers
4. Regulations of Agents of Broker-Dealers
5. Regulations of Securities and Issuers
6. Remedies and Administrative Provisions
7. Communication with Customers and Prospects
8. Ethical Practice and Obligations

Registration

If you are employed or associated with a FINRA member firm, the firm can register you for the exam via a U4 form. If you are not employed or associated with a FINRA member firm, you can open an enrollment window via FINRA’s Test Enrollment Services System (TESS). The exam fee is $147 regardless of which method of registration you choose.

Once your registration request is processed, you will be notified and given a 120-day window to take the exam.

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Test Day

The Series 63 exam is administered at Prometric testing centers across the country. You should arrive at the testing center 15-30 minutes before the scheduled exam time. If you arrive late, you will not be able to take the exam.

Once you arrive at the testing center, you will be asked to provide a valid, government-issued photo ID. If you forget to bring your ID or if your ID is invalid, you will not be allowed to take the exam.

Before you enter the testing room, you will be asked to leave all personal items in an assigned locker. Personal items include your cell phone, keys, wallet, food, bags, and pencils. You will be asked to roll back your sleeves and pull up your pant legs.

Once you are in the testing room, you will be given a four-function calculator, a small whiteboard, dry-erase markers, and noise-canceling headphones. After the exam begins, you will be allowed to take a break. However, the timer will not be paused during your break.

How the Exam is Scored

Your test score is placed on a scale with all other test-taker’s test scores, and adjustments are made to the score to account for variations in difficulty. You will receive a preliminary score report as soon as you finish the exam.

To pass, you must answer at least 43 of the scored questions correctly.

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