Although it is comparatively shorter than other tests, the content and language used on the Series 63 is different from a FINRA exam, and it requires strong reading comprehension. It’s recommended that students learn through a variety of methods, such as reading, as well as continuous practice exams. But with Pass Perfect’s proven preparation methods, you’ll be guaranteed to pass the first time. Our comprehensive learning platform is designed to get you through the test on the first attempt since failure requires a 30-day wait period.
FAQs
Series 63 Exam Overview & FAQs? ›
Exam Format
Is the series 63 hard to pass? ›The Bottom Line. The Series 63 can be a difficult exam, but if you wish to be a securities agent, you will need to pass it. The information covered focuses on the principles of state securities regulation as detailed in the Uniform Securities Act.
How many questions can you miss on the Series 63? ›The exam consists of 60 scored questions and 5 unscored questions. Candidates have 75 minutes to complete the exam. In order for a candidate to pass the Series 63 exam, they must correctly answer at least 43 of the 60 scored questions.
How much money can you make with a series 63 license? ›Licensed Series 7 And Series 63 Salary
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $86,000 | $41 |
| 75th Percentile | $61,000 | $29 |
| Average | $57,583 | $28 |
| 25th Percentile | $40,000 | $19 |
How much time does it take to study for the Series 63 exam? Most candidates spend 30–40 hours studying for the FINRA Series 63. Best practices suggest that you spread those hours over about 10 days.
Is there math on the series 63 exam? ›There are no math questions to mix things up.
With all the lengthy scenarios you'll address in Series 63 questions, some of you would welcome the objectivity of a math question. But there's no math on the S63, just lots of wordy and seemingly subjective questions.
People with Series 63 licenses are generally financial brokers. They can buy and sell securities and other financial products on an investor's behalf.
How many times can I take the series 63? ›How many times can I take the Series 63 exam? You may take the Series 63 exam as many times as it takes to pass. Note there is a 30-day waiting period after your first and second failed attempt, and a 6-month waiting period after the third failed attempt and beyond.
What are the key concepts of the Series 63 exam? ›The Series 63 exam covers the principles of state securities regulations and rules prohibiting dishonest or unethical practices. Some 45% of the questions pertain to regulations, 10% to administrative provisions, 20% to customer communication, and 25% to ethical practices and business obligations.
Is the series 63 curved? ›You will have 1 hour and 15 minutes (75 minutes) to complete the exam and must correctly answer 43 of the 60 scorable questions to achieve a passing score of 72%. The Series 63 exam is presented in a bell curve.
How much does the series 63 exam cost? ›
Independent candidates must register with FINRA using the Test Enrollment Services System (TESS) to file an exam request. Candidates with firm sponsorships must file Form U4 with FINRA. Pay the Series 63 exam costs of $147.
Is the Series 63 easier than the Series 7? ›The Series 7 exam is usually considered more challenging due to its extensive coverage of various financial topics and a longer exam duration of 3 hours and 45 minutes. On the other hand, the Series 63 exam is shorter at 75 minutes and focuses solely on state laws, making it more specialized but generally easier.
What is the difference between series 63 and 66? ›As the full name suggests, the Series 66 test is a combination of two other licenses: the Series 65 exam (which is solely focused on investment adviser registration) and the Series 63 exam (which covers state securities regulations).
Can I take the series 63 without a sponsor? ›Do I need to have a sponsor before I take the Series 63, 65, or 66? No. Unsponsored candidates who are not Form U4 registered or currently affiliated with a firm through FINRA's Web CRD system can open an exam enrollment window via FINRA.org request and pay for the S63, S65, or S66 exam.
Does series 63 expire? ›Maintain Your Series 63 License
This window determines how long a licensee has to become licensed or registered with the state without their Series 63 license expiring. Once registered, the Series 63 license does not expire so long as the Series 63 license holder remains employed in the industry.
The Series 63 can be challenging because of the short amount of time available to complete it. Testing time is 75 minutes, leaving you only over a minute to answer each of the exam's 60 questions. Those who are underprepared may find the exam too difficult to pass the first time.
Is the series 63 easier than the 66? ›As a result, the Series 66 exam is considered by most to be an easier test.
What is the most difficult FINRA series exam? ›Passing them is required to obtain a license to buy and sell certain types of investments for clients, as brokers, financial planners, investment managers, and other financial professionals commonly do. The Series 7 is the tougher but more comprehensive exam of the two.
What is the waiting period for the Series 63 exam? ›The following waiting periods apply for individuals needing to retake the Series 63, Series 65 or Series 66 following a failed attempt: (1) a minimum of 30 days after failing the first exam before the second taking of the exam can be scheduled; (2) a minimum of 30 days after failing the exam for the second time before ...