Exam Domains

1 Futures Trading Theory and Market Analysis Weight not published

2 Customer Accounts and Suitability Weight not published

3 Speculation, Hedging, and Arbitrage Weight not published

4 CFTC Regulations and NFA Rules Weight not published

5 Exchange Rules and Procedures Weight not published

Exam Details

Question TypesMultiple Choice

FormatLinear

Online ProctoringAvailable

ID RequirementsTwo forms of ID required: one government-issued photo ID (primary) and one secondary ID. Name on ID must match FINRA registration exactly.

RenewalRequired -- FINRA licenses remain active as long as registered with a member firm. Regulatory Element continuing education required within 120 days of 2-year anniversary, then every 3 years. Firm Element CE also required annually. If registration lapses, must retake exam after 2+ years of inactivity.

PrerequisitesMust be sponsored by a FINRA member firm

Retake Policy30-day waiting period after first and second failed attempts. 180-day waiting period after third failed attempt and any subsequent failures. Full exam fee required for each retake.

LanguagesEnglish

National Commodity Futures Exam (Series 3) (Series 3) Exam Blueprint

Exam Domains

Exam Details

Official Study Resources