SIE · Series 7 · 6 · 63 · 65 · 66
FINRA and NASAA exam practice, section by section
Pick an exam and an outline section: ten questions, each corrected and explained at once. No account, no email, nothing to pay.
Your score · SIE
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| Pass: scaled score of 70; here 7 of 10 correct (70%), an approximation |
| You can still miss 3 |
Practice questions written by Radif Partners from the official outline topics. They are not questions from the real exam. Progress is kept in this browser only (local storage) and never sent.
The SIE and the Series 6, 7, 63, 65 and 66 are the qualification exams that people working in the US securities industry must pass before they can sell securities or give investment advice. FINRA writes and runs the SIE, the Series 7 and the Series 6; NASAA writes the Series 63, 65 and 66, which FINRA administers at test centers. Each exam follows a public content outline that fixes the topics, the number of questions per section, the time and the passing score: 75 scored questions in 1 hour 45 minutes for the SIE, 125 in 3 hours 45 minutes for the Series 7, 130 in 3 hours for the Series 65. The quiz above draws from our bank of 664 questions written by Radif Partners from those outlines, one exam and one section at a time, and shows the explanation and the outline point after each answer. Enrollment, scheduling and results happen only through FINRA and the sponsoring firm; this site is independent of FINRA, NASAA and Prometric.
Formats and fees checked on · Radif Partners · How questions and mocks are built · About this site
Six exams at a glance
| Exam | Written by | Questions (scored + unscored) | Time | Pass | Fee 2026 | Sponsor needed |
|---|---|---|---|---|---|---|
| SIE | FINRA | 75 + 5 | 105 min | 70 scaled | $100 | No |
| Series 7 | FINRA | 125 + 5 | 225 min | 72 scaled | $395 | Yes |
| Series 6 | FINRA | 50 + 5 | 90 min | 70 scaled | $100 | Yes |
| Series 63 | NASAA | 60 + 5 | 75 min | 43 of 60 | $147 | No |
| Series 65 | NASAA | 130 + 10 | 180 min | 92 of 130 | $187 | No |
| Series 66 | NASAA | 100 + 10 | 150 min | 73 of 100 | $177 | No |
Which exams does your job need?
FINRA ties each registration category to its exams in Rule 1220, and the states add the Series 63, 65 or 66 for agents and advisers. Pick the job you are aiming at: the finder lists the exams in order, their 2026 fees and whether a firm must sponsor you. The full guide covers the other categories.
Which exams does my job need?
Exams to pass
SIE + Series 7 + Series 63
| Exam fees, 2026 | $642 |
| Scored questions in all | 260 |
| Seat time in all | 6.8 hours |
| Firm sponsorship | needed for Series 7 |
Series 7 needs a sponsoring firm; most states then ask for the Series 63 to act as an agent.
The usual path, in four steps
- SIE first, on your own. Enroll on FINRA's site, pay $100, schedule within the 120-day window. A pass stays good for 4 years while you look for a firm.
- The representative exam, sponsored. The firm that hires you files the enrollment for the Series 7 (125 questions) or the Series 6 (50); the SIE must also be passed before the registration is approved.
- The state exam. The Series 63 for a securities agent, the Series 65 for an investment adviser representative, or the Series 66 to cover both, on top of the Series 7.
- Stay qualified. The Regulatory Element of continuing education every year by December 31; out of the industry, exams lapse after 2 years unless you join the Maintaining Qualifications Program.
Failing is common enough to plan for. FINRA makes you wait 30 days after a first or second failure and 180 days after a third within two years; from January 19, 2027, Regulatory Notice 26-18 cuts those waits to 15 and 60 days for FINRA exams. Our retake calculator applies the right rule to your date.
What my practice rate means on exam day
Chance of 53 or more out of 75
95%
| Expected score | 59 of 75 |
| Line used | 53 of 75 |
| Model | every question right at the same rate |
A binomial estimate from your own rate, not a forecast: the real questions are worded differently and a weak section can pull the score down.
Three ways to practice
By section, with the correction after each answer: the fastest way to find a weak area, because each outline section has its own page and its own pool. Full mocks, timed, with the official number of questions in each section and the corrections at the end, as on the day. Review of the questions you missed: the site remembers, in this browser only, which answers were wrong and serves them again until they are right. The progress page shows how far you are in each section.
Every page of the site
SIE
- SIE exam guideThe Securities Industry Essentials exam in 2026: format, four outline sections, fee, age, validity, with a practice set.
- SIE practice testFree SIE practice test: short sets by outline section, each answer corrected and explained on the spot, progress kept in your browser.
- SIE practice exam (timed)A full-length SIE mock under the clock, with the outline quota of each section and a verdict against the passing line.
- SIE sample questionsSIE sample questions with answers and explanations, a whole outline section at a time, plus how the exam words its items.
- SIE: capital marketsSection 1 of the SIE: regulators and market participants, the four markets, the Fed and the economy, and how new securities are offered.
- SIE: products and risksSection 2 of the SIE, the heaviest: stocks, bonds, options, funds, annuities, 529 plans, DPPs, REITs, ETFs and the risks of each.
- SIE: trading and accountsSection 3 of the SIE: orders, returns, settlement, corporate actions, account types, AML, privacy and the activities that are forbidden.
- SIE: regulatory frameworkSection 4 of the SIE: registration, background checks, continuing education, Forms U4 and U5, outside activities and reportable events.
- SIE passing scoreWhat the SIE pass mark of 70 means: a scaled score after equating, not 70 percent, and why no pass rate is published.
- SIE exam costWhat the SIE costs in 2026: the exam fee, what a retake or a late change adds, and the full bill for the usual license paths.
- How hard is the SIE?How hard the SIE really is: what trips candidates, what makes it manageable, and a readiness estimate from your own practice rate.
- SIE vs Series 7SIE and Series 7 side by side: who can take each, length, pass mark, fee, sponsorship, and the order most candidates follow.
- Does the SIE expire?How long an SIE pass stays good: four years to be registered through a firm, then the rules for registered people take over.
Series 7 and 6
- Series 7 exam guideThe General Securities Representative exam in 2026: 125 questions, four job functions, fee, sponsorship and the SIE corequisite.
- Series 7 practice testFree Series 7 practice by job function, ten questions at a time, each answer explained with its outline point.
- Series 7 mock examA full timed Series 7 mock: 125 questions split like the outline, the clock of the real exam, corrections at the end.
- Series 7 sample questionsEvery Series 7 question of our investments and recommendations pool, with the answer and the reasoning behind it.
- Series 7: seeking businessFunction 1 of the Series 7: communications with the public, new issues, underwriting and offerings exempt from registration.
- Series 7: opening accountsFunction 2 of the Series 7: account types and registrations, customer identification, the investment profile and the approvals behind each account.
- Series 7: investmentsFunction 3 of the Series 7, the heaviest by far: products, options, bonds, suitability, taxes and account records.
- Series 7: orders and transactionsFunction 4 of the Series 7: quotes, order types, short sales, settlement at T+1, confirmations, complaints and margin calculations.
- Series 7 passing scoreThe scaled score of 72 explained, why no pass rate is given here, and how many mock questions you can afford to miss.
- Series 7 study timeNo official number of hours exists: how to size your own Series 7 plan from the outline weights, with labeled example schedules.
- Series 6 exam guideThe Investment Company and Variable Contracts Products Representative exam: 50 questions, the products it covers, fee and sponsorship.
- Series 6 mock examA full timed Series 6 mock: 50 questions in the outline proportions, the real pace per question, a score by function at the end.
Series 63, 65, 66
- Series 63 exam guideThe Series 63 state law exam for securities agents: eight topics, 43 of 60 to pass, the 2026 fee and free practice questions.
- Series 63 practice examA full Series 63 mock: 60 state law questions in the NASAA subject quotas, timed, marked against the real count of 43.
- Series 65 exam guideThe Series 65 for investment adviser representatives: four subjects, 92 of 130 to pass, no sponsor and no SIE needed, free practice.
- Series 65 practice examA full 130-question Series 65 mock in the four NASAA quotas, under the clock, marked on the real line of 92 correct.
- Series 65 passing scoreThe Series 65 pass mark is 92 correct out of 130 scored questions. Why no official pass rate exists, and how to judge your own odds.
- Series 66 exam guideThe Series 66 combined state law exam: for Series 7 holders who act as both agent and adviser representative, 73 of 100 to pass.
- Series 66 practice examA full Series 66 mock: 100 questions with nearly half on law and ethics, timed, marked on the real line of 73 correct.
Fees and rules
- Which license do I need?From a job to its exams: stockbroker, fund representative, adviser representative or both, with fees and sponsorship.
- Firm sponsorshipWhich exams need a sponsoring firm, what the firm files, and what you can pass on your own before you are hired.
- Exam fees 2026What the SIE, Series 6, 7, 63, 65 and 66 and other FINRA exams cost in 2026, with late-change charges and retakes.
- Retake waiting periodWhen a failed SIE, Series 6, 7, 63, 65 or 66 can be sat again: 30 or 180 days today, 15 or 60 days for FINRA exams from 2027.
- Enrollment and schedulingThe 120-day enrollment window, test center or online delivery, and what a late change of appointment costs.
- Exam dayArrival, ID, lockers, the calculator provided, breaks that do not stop the clock, pacing and how results are given.
- Two-year rule and MQPHow long Series 7 and other FINRA exams stay valid after you leave a firm: two years, or five with the MQP.
- Continuing educationThe yearly Regulatory Element deadline of FINRA Rule 1240, the first-year rule, CE inactive status and its cost.
- Review my mistakesThe questions you missed on this site, served again until they are right, and your progress per outline section.
Exam math
- Bond yield mathNominal yield, current yield and yield to maturity for discount and premium bonds, with the shortcut the exams expect.
- Municipal bond mathTax-equivalent yield of a municipal bond and accrued interest on a 30/360 basis with T+1 settlement, calculated.
- Options mathBreakeven, maximum gain and maximum loss of the four basic option positions, per share and per contract.
- Margin mathRegulation T deposit, debit balance, equity and the maintenance call level of a long margin account.
- Mutual fund pricingNet asset value, public offering price, sales charge percentage and breakpoints of a mutual fund, calculated.
Independent, and what that means
Radif Partners publishes this site on its own. It is not FINRA, NASAA, Prometric, a state regulator or a training company; it sells no course and links to none. The outlines and study guides it works from are public, but their text is not reproduced: each question is our own wording on one of their topics. When FINRA or NASAA change a format, a fee or a rule, the parameter file changes and every page follows; the method page explains how mocks are drawn and marked.
Sources
The formats, fees and rules quoted here were read on these FINRA, NASAA and federal pages onOctober 26, 2026.
- FINRA, Securities Industry Essentials (SIE) exam page
- FINRA, Series 7 exam page (General Securities Representative)
- FINRA, Series 6 exam page (Investment Company and Variable Contracts Products)
- FINRA, Series 63 exam page (NASAA exam administered by FINRA)
- FINRA, Series 65 exam page (NASAA exam administered by FINRA)
- FINRA, Series 66 exam page (NASAA exam administered by FINRA)
- FINRA, fee adjustment schedule of SR-FINRA-2024-019 (exam fees from 2026)
- FINRA Regulatory Notice 26-18 (shorter retake waiting periods from 19 January 2027)
Common questions
Which securities exam should I take first?
Most people start with the SIE, the Securities Industry Essentials exam: it needs no sponsoring firm, anyone aged 18 or over can sit it, and it is the corequisite of the Series 7 and Series 6. The Series 65 is the exception: an investment adviser representative can take it alone, without the SIE or a sponsor. The license finder on this page turns a job into the exams it needs.
Are these the questions of the real FINRA exams?
No. FINRA and NASAA do not publish their item banks, and no honest site can promise the real questions. Every one of our 664 questions was written by Radif Partners from a topic of the public content outline, with an explanation and the outline point it trains. They prepare you for the same knowledge and the same format, not for memorised answers.
How is a mock exam on this site marked?
A mock has the official number of scored questions in each outline section and the official time. The Series 63, 65 and 66 are marked exactly, because NASAA sets the pass as a number of correct answers. The SIE, Series 6 and Series 7 report a scaled score after equating, so our mock compares your share of correct answers to the same figure and says it is an approximation.
Where is my progress saved?
Only in this browser, in its local storage: the questions you answered, whether the last answer was right, and your last mock scores. Nothing is sent to us or to anyone, there is no account, and another browser or a private window starts from zero. The progress page shows the saved data and has a button that erases it at once.
How much do the FINRA exams cost in 2026?
Under the fee schedule in force since January 1, 2026, the SIE costs $100, the Series 7 $395 and the Series 6 $100. The NASAA exams, administered by FINRA, cost $147 for the Series 63, $187 for the Series 65 and $177 for the Series 66. A sponsoring firm often pays for the exams it requires.
How long is a passed exam valid?
An SIE pass is valid for 4 years if no firm registers you. Representative exams such as the Series 7 stay valid while you are registered; once the registration ends, they lapse after 2 years, or after 5 years if you join the Maintaining Qualifications Program and keep up with continuing education every year.
What happens if I fail an exam?
You wait before trying again: 30 days after a first or second failure and 180 days after a third within two years for FINRA exams. From January 19, 2027 those waits become 15 and 60 days. The Series 63, 65 and 66 keep NASAA's own periods, and each attempt is paid in full.
Written by Radif Partners
Independent publisher of free practice quizzes and planning tools for the SIE, Series 6, 7, 63, 65 and 66 securities exams
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Exam formats, fees and FINRA rules 2026, read on finra.org and nasaa.org, last checked on