Securities Exam Preparation, Inc., established in 1972

Publishing and Professional Information Services

We are a consulting organization specializing in
self-study test preparation for FINRA, NASAA, and
futures industry exams.

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Note: All FINRA (NASD) exams are continually being updated.
You should take your exam within 120
days of ordering your study materials!

Series 3 Exam National Commodity Futures

The Series 3 test is for anyone who is going to act as an Associated Person, Commodity Trading Advisor, Commodity Pool Operator, Introducing Broker, or Futures Commission Merchant.  Those who trade ForEx (foreign exchange) are under the jurisdiction of the NFA are a being required to sit for the Series 3 test.

The Series 3 exam is divided into ten categories and is graded in two groups: Market Knowledge and Rules/Regulations. The first nine of the following categories with 85 questions comprises the Market Knowledge Group; category ten, with 35 questions, comprises the Rules and Regulations Group. You must achieve a 70% on each group to pass the exam.   Note that the NFA study outline has been changed to eight categories, essentially combining financial and agricultural hedging into one group and general speculation and spreading into one group.

The Series 3 exam is a prerequisite to the Series 30 Futures Branch Manager exam.

No prerequisite $125 test fee (Form U-10) 2.5 hour time limit

 Test Topics

Approximate Test Questions

Futures Trading Theory 13
Margins, Limits, Settlements 15
Orders, Accounts, Analysis 11
Basic Hedging 11
Financial Hedging 10
Spreads  3
General Speculation  8
Financial Speculation  8
Options  6
Regulations 35
Total 120 questions

Series 3 Exam Study Text

series 3 book


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The 200+ page, 3-ring binder study program is designed to allow you to learn at your own pace and convenience. The Series 3 text is divided into the same categories as the exam -- this gives you a feeling as to the weighting of the topics on the exam.

The Series3 study program includes end-of-category quizzes of 25 to 40 questions and two 125-point practice final exams. One final exam is random but properly weighted and the other is divided into how the test is graded – Market Knowledge and Rules/Regulations -- no other study program is constructed this way!   All questions have complete explanations.

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Series 3 Exam Computer CD




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Windows Only!

  • Is a supplement to any Series 3 futures study book
  • Includes 800+ practice questions with explanations - these are tough!!
  • Provides fast and thorough review of major test topics by category
  • Gives you an accurate measure of your likelihood of passing the exam.

-- These questions are TOUGH!!! ... and they are a supplement to
any study books you may have!

  • The disk is menu driven -- so just highlight the topic you want to review and hit the Enter key -- the directions are on the screen!
  • Each of the TEN SECTIONS has 3 to 8 practice quizzes of 10 to 25 questions.
  • These groups are the same as the ten sections on your actual #3 exam -- that way you’ll make sure you are strong in each practice area!!
  • The computer keeps track of your score and bounces explanations to questions back to you-- this insures that you don't skip an important topic
  • Take the quizzes until you get an 80-90% accuracy -- and then take the final exams
Once you get 90%'s on the finals -- your actual exam will be a SLAM DUNK

On this single-user system you can take the quizzes up to ten times each; to maintain fresh test content, the Windows only CD expires after a certain time-period from the date of purchase -- you should take the #3 exam within 120 days of buying the CD.
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Series 3 Study Book and Computer CD

Study Text
and CD

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CD is for Windows Only!

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People who have ordered the Series 3 study program have also ordered
the Series 30, Series 34, and Series 65 exam prep material

CTA, IB, and RIA registration services available!
What is a CTA?
What is a RIA ?

Securities Exam Preparation, Inc., is a consulting organization specializing in self-study test preparation for for FINRA and  Series 3, Series 30, Series 31, and Series 32 exams -- and in registration services for Investment Advisors, Broker Dealers, Commodity Trading Advisors, and Introducing Brokers.  

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