where i can get a course for series 3

Full Answer

How to prepare for the series 3 exam?

There are tons of great online Series 3 exam study guides you can use to help you prepare for the exam. With a lot of the busywork taken care of, you’ll be able to focus on the most important thing: passing the Series 3 and starting your career trading futures and options.

What is the pass rate for the series 3 exam?

Although there is no official pass rate published by FINRA or the NFA, it is widely accepted that the pass rate for the Series 3 exam is around 70%. If you fail to achieve at least 70% on both parts of the exam, you can retake the exam after 30 days. If you fail to pass in three attempts, you must wait 180 days to retake the exam.

Can I extend my study time for the series 3 exam?

Additional 5 month extension may be purchased to extend your study time for $49. The extension can be ordered from the Extension icon on your Student Dashboard. Read more exam details about the Series 3 exam, including exam restructuring, general information, and best practices.

Is the series 3 required by the NFA?

Administered by the Financial Industry Regulatory Authority (FINRA), the exam is required by the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC). Unlike the Series 6 and 7 exams, sitting for the Series 3 exam does not require a securities firm's sponsorship.

How do I study for the Series 3?

It is recommended that you spend at least 60 to 70 hours preparing for the exam by reading the textbook, underlining key points and completing as many practice questions as possible. We recommend that students schedule the exam no more than one week after completing their Series 3 exam prep.

How do I get my Series 3 license?

Series 3 License Requirements:Firm Sponsorship is NOT required. To take the Series 3 Exam, you must: ... Study for Your Series 3 License. ... Complete Your TESS Filing or Form U4. ... Schedule Your Exam. ... Pass the Series 3.

How much does it cost to take series 3 exam?

$130The exam costs $130. Anyone who wants to sell commodity futures contracts must generally pass the Series 3 exam.

Where can I take the Series 3 exam?

For those planning to sit for the National Commodity Futures Exam, or Series 3, FINRA is now offering candidates the option to take the exam online via Prometric's ProProctor platform.

How long does it take to study for Series 3?

60 to 80 hoursDepending on your learning style and study habits, Series 3 course providers recommend you commit to 60 to 80 hours of study. People familiar with the industry or good test-takers might get away with as few as 40 hours. But, no one should underestimate the difficulty of the Series 3 exam.

Does Series 3 expire?

Once you take and pass the Series 3 exam and/or Series 34, you have two years from the date you passed the exam to register. The exam will not expire unless you have a break in registration as an AP, floor broker or FCM, IB, CPO, CTA or LTM that is a Member of NFA for more than two years.

What does a Series 3 allow me to do?

A Series 3 designation allows a financial professional to sell both commodity futures contracts and options on commodity futures contracts. Candidates who pass the exam are then able to register with the NFA within two years of passing the exam.

How many hours is a series 3?

COVID-19 Guidance on FINRA-Administered Exams The Series 3 exam—the National Commodities Futures Examination—is a National Futures Association (NFA) exam administered by FINRA. The exam consists of 120 scored questions. Candidates have two hours and 30 minutes to complete the exam, which consists of two parts.

Who needs a Series 4?

The Series 4 exam grants license to those who pass to supervise options sales and trading personnel. The test is sponsored by FINRA and covers both substantive knowledge about options trading as well as topics on compliance and ethics.

What is a series 3 prep course?

Purchasing a prep course can be a great way to improve your chances of passing the Series 3 exam. These courses—which offer question banks, progress and final exams, and even access to real-life instructors—can make it easier to study for and feel confident about the prep process.

What is series 3 exam prep?

A Series 3 exam prep course can be invaluable when it comes to gathering a deep understanding of certain topics and testing your own proficiency. The best Series 3 exam prep courses offer a variety of study tools, access to instructors, pass guarantees, and, ideally, an affordable price tag.

What is the average pass rate for the Series 3 exam?

Neither FINRA nor the NFA has published an overall average pass rate for the Series 3 exam. Many exam prep courses boast exam pass rates of 90% or higher , though, demonstrating the value that these courses have.

How many questions are asked in the series 3 exam?

The test, which consists of 120 questions over a two-and-one-half-hour period, can be a bit daunting to prepare for, which is why many people choose to take a Series 3 exam prep course first.

How many hours of video lectures are in series 3?

Though this course only includes about three hours of video lectures, it makes up for that with access to the online Training Center, a study hub offering proprietary study guides, videos, and more.

How much does it cost to take the NFA exam?

The exam is designed by the National Futures Association (NFA) though it is administered by FINRA. It costs $130 to take.

How many points does tutoring raise your score?

Tutoring is available, and SIA claims that students who work with a tutor raise their exam score by an average of 10 points. If you need help outside of tutoring, live chat and phone support are also available.

What is series 3?

The Series 3 examination is the all-encompassing test that is required by the National Futures Association (NFA) in order to be considered a commodities and futures professional. The National Commodities Futures Exam (Series 3) is required of individuals who:

What is the second part of the series 3 exam?

The second part of the Series 3 exam consists of market regulations . The underlying goal of these questions is to test your ability to act in a proper and ethical manner when it comes to clients.

What is a series 3 license?

The Series 3 is a securities license entitling the holder to sell commodities futures contracts and options on commodities futures contracts. Passing the Series 3 test allows anyone in the U.S. the right to offer alternative investments in commodities and futures securities.

When does a series 3 license expire?

When does my Series 3 license expire? Your Series 3 license will not expire unless you have a break in registration.

Do you have to be sponsored to take the Series 3?

No, you have to be sponsored to take the Series 3 like you might if you decided to take a test to qualify for some other financial services jobs. You don't even need a high school diploma.

What is a series 3?

The Series 3, or National Commodities Futures Examination, is a test administered by the Financial Industry Regulatory Authority (FINRA). You’re eligible to sell commodity futures contracts once you pass this exam— which makes it an important stepping stone in your professional commodity trading career.

Is Securities Institute of America good?

Securities Institute of America is an excellent choice for anyone looking to study with multiple types of materials. This company will keep you engaged and learning for far longer than other Series 3 courses.

Does Knopman have a FINRA prep course?

Knopman offers a twist that you don’t often see from other FINRA prep courses. Plus, their instructors are much more involved than the usual self study program— so it’s perfect if you need some extra one-on-one assistance.

FULL LEARNING SERIES 3 TRAINING PACKAGES

The Everything Package is our premium package consisting of a combination of all of the features of our Online Course, Live Class, and Textbook Packages.

ADDITIONAL SERIES 3 STUDY MATERIALS

Looking to supplement a learning package that you are already working with? We’ve got you covered.

How much does it cost to take the series 3 test?

The test costs $130 and students are given 2.5 hours to complete both sections.

What is a series 3 license?

The securities trader Series 3 license is known formally as the National Commodities Futures license and is a proficiency test issued by the National Futures Association (N FA), the self-regulatory organization for the U.S. futures industry. It is required of individuals who:

What to do if you are not successful in the Series 3 exam?

Candidates who are NOT successful in passing the Series 3 exam must re-file the Form U-10 and processing fee with FINRA, whereby a new 120-day window will be opened. In-depth licensing questions should be directed to the National Futures Association (NFA) at 800-621-3570.

How long is the series 3 exam?

Your Series 3 exam prep class can be taken via in-person seminar, online, self-study, or interactive formats. Recommended study time is 40 hours for the course materials, plus several additional hours to take the sample Series 3 exam prep questions.

Do you have to be sponsored to take the series 3 exam?

Series 3 candidates are not required to be sponsored to sit for the licensing exam; however, candidates are required to be sponsored to receive their Series 3 license

How long is the securities license online?

Please note : The online access period for your securities licensing course is 5 months. Additional 5 month extension may be purchased to extend your study time for $49. The extension can be ordered from the Extension icon on your Student Dashboard.

How to prepare for the SecuritiesPro exam?

The Basic Self-Study Package provides a strong foundation for the self-directed individual who has a proven record of success when studying without the guidance of an instructor. Plan your exam preparation by building a customizable Study Calendar based on your study time frame and exam date. Begin preparing for your exam with the License Exam Manual for a comprehensive overview of the exam. Practice in areas of weakness by taking custom quizzes after each unit with the SecuritiesPro ™ QBank. Finally, test your performance with our Practice Exam for a final review before your actual qualification exam.

How to prepare for a qualification exam?

Prepare for your qualification exam by utilizing our customizable Study Calendar, which coordinates your daily tasks with your study schedule and test date. This interactive calendar helps you plan for specific days off and calculates the average amount of time you will be studying each day. Based on proven learning science and over 25 years of training experience, this essential study tool takes the guesswork out of your study plan and puts you on the track to success.

What is the Mastery exam?

The Mastery Exam is similar to the Practice Exam and provides an additional simulated exam with unique questions.