{"id":43973,"date":"2018-08-07T17:51:47","date_gmt":"2018-08-07T17:51:47","guid":{"rendered":"https:\/\/www.mometrix.com\/academy\/?page_id=43973"},"modified":"2026-03-14T14:53:49","modified_gmt":"2026-03-14T19:53:49","slug":"sie-exam","status":"publish","type":"page","link":"https:\/\/www.mometrix.com\/academy\/sie-exam\/","title":{"rendered":"SIE®<\/sup> Practice Test"},"content":{"rendered":"

The Securities Industry Essentials®<\/sup> (SIE®<\/sup>) exam is available for candidates who are pursuing entry-level positions in the securities industry. The Financial Industry Regulatory Authority (FINRA\u00ae), which is a non-profit organization, created the SIE exam to give candidates an opportunity to demonstrate basic security industry knowledge to potential employers.<\/p>\n

Click \u201cStart Test\u201d above to take a free SIE practice test!<\/p>\n

\nSIE Online Course<\/a>
\nSIE Study Guide<\/a>
\nSIE Flashcards<\/a>\n<\/div>\n

<\/span>Eligibility<\/h2>\n

The Securities Industry Essentials exam is available to candidates and students who are at least 18 years old. Candidates are required to take the SIE exam before or after associating with a firm.<\/p>\n

<\/span>SIE Exam Outline<\/h2>\n

The SIE exam contains 80 multiple-choice questions, five of which are unscored, and you will be given a time limit of 1 hour and 45 minutes. The five unscored questions are scattered randomly throughout the exam and are unmarked, so you will not know which questions are scored or unscored. FINRA includes these questions in order to validate them for us in future exams.<\/p>\n

The exam is split into four sections.<\/p>\n

<\/span>1. Knowledge of Capital Markets (12 scored questions)<\/h3>\n

The questions in this section, which makes up 16% of the exam, assesses your knowledge in four specific areas:<\/p>\n

    \n
  1. Regular Entities, Agencies, and Market Participants<\/li>\n
  2. Market Structure<\/li>\n
  3. Economic Factors<\/li>\n
  4. Offerings<\/li>\n<\/ol>\n

    <\/span>2. Understanding Products and Their Risks (33 scored questions)<\/h3>\n

    The questions in this section, which makes up 44% of the exam, assesses your knowledge in two specific areas:<\/p>\n

      \n
    1. Products<\/li>\n
    2. Investment Risks<\/li>\n<\/ol>\n

      <\/span>3. Understanding Trading, Customer Accounts, and Prohibited Activities (23 scored questions)<\/h3>\n

      The questions in this section, which makes up 31% of the exam, assesses your knowledge in three specific areas:<\/p>\n

        \n
      1. Trading, Settlement, and Corporate Actions<\/li>\n
      2. Customer Accounts and Compliance Considerations<\/li>\n
      3. Prohibited Activities<\/li>\n<\/ol>\n

        <\/span>4. Overview of the Regulatory Framework (7 scored questions)<\/h3>\n

        The questions in this section, which makes up 9% of the exam, assesses your knowledge in two specific areas:<\/p>\n

          \n
        1. SRO Regulatory Requirements for Associated Persons<\/li>\n
        2. Employee Conduct and Reportable Events<\/li>\n<\/ol>\n\"20%<\/a>\n\n\t\t\t
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          Check out Mometrix's SIE Study Guide<\/p>\n\t\t\t\t\t

          Get practice questions, video tutorials, and detailed study lessons<\/p>\n\t\t\t\t\tGet Your Study Guide<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\"\n\t\t\t\t<\/a>\n\t\t\t<\/div>\n

          <\/span>Registration<\/h2>\n

          If you would like to self-enroll for the SIE exam, you must first create a FINRA account on their website. From there, you can enroll for the exam, pay the $100 examination fee, and schedule a test date.<\/p>\n

          <\/span>SIE Online Prep Course<\/h2>\n

          If you want to be fully prepared, Mometrix offers an online SIE prep course<\/strong> designed to give you everything you need to succeed!<\/p>\n

          Here’s what you’ll find in the SIE course:<\/p>\n

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