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? ›
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.
What is the summary of the Series 63 exam? ›The examination, called the Series 63 exam, is designed to qualify candidates as securities agents. The examination covers the principles of state securities regulation reflected in the Uniform Securities Act (with the amendments adopted by NASAA and rules prohibiting dishonest and unethical business practices).
How difficult is the series 63 exam? ›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.
What does the series 63 allow me to do? ›People with Series 63 licenses are generally financial brokers. They can buy and sell securities and other financial products on an investor's behalf.
What is the pass rate for the Series 63 exam? ›What is the Series 63 pass rate? The Series 63 exam has approximately a 70-75% pass rate.
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 |
The Series 63 exam is presented in a bell curve. Exams presented in this manner should start with easier questions, move to more challenging questions, and end with easier ones.
What is the most difficult FINRA series exam? ›The Series 7 exam is often considered the most difficult securities licensing exam. But, the answer is up to you. If you prepare properly and utilize an online learning tool like ExamFX's Series 7 course, you can approach the test with confidence and earn your Series 7 registration.
How to cram for series 63? ›Reading the Series 63 textbook is absolutely essential to passing the exam. You must read the book completely and fully. Read the book, take notes and highlight the key points. Once you have completed the textbook, take as many Series 63 practice questions as you can.
How many times can you fail the Series 63? ›Candidates for assessment who do not achieve a passing score on the Series 63 Exam can retake it for a second or third time following a 30-day waiting period; scheduling fees apply.
Can I keep my Series 63 without a sponsor? ›
Unlike many other FINRA exams, the Series 63 exam does not require member firm sponsorship. If you are not Form U4 registered or affiliated with a firm through FINRA's Web CRD system, you should use the Form U10 to request and pay the $147 fee for the Series 63 exam.
What is the easiest series exam? ›As a result, the Series 66 exam is considered by most to be an easier test. Like the Series 65 exam, it qualifies the individual to act as an IAR and fulfills the requirements for state registration. There are exam fees for these exams that must be paid before taking them.
Can you take Series 63 without SIE? ›Successfully completing the Securities Industry Essentials Exam (SIE) is required to be eligible to take the Series 7 and Series 6 license exams, but not the 63. To sell securities, broker-dealers must obtain the Series 63 license as well as the Series 7 or Series 6.
Which is harder, Series 7 or 63? ›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.
How long do you need to study for series 63? ›Most candidates spend 30–40 hours studying for the FINRA Series 63. Best practices suggest that you spread those hours over about 10 days.
What can you sell with a Series 63? ›Passing the Securities Industry Essentials (SIE) exam and the Series 63 exam, for example, allows candidates to solicit, purchase, and sell mutual funds, variable annuities, variable life insurance, unit investment trusts (UITs), and municipal fund securities (additional insurance licenses may be required).
What is the difference between a Series 7 and a Series 63 license? ›Series 7 is more comprehensive, covering federal-level securities, while Series 63 will ensure you're compliant with individual state laws. Many financial roles, especially those that deal with a variety of financial products, will require both licenses.
How long do you need to study for the series 63? ›Most candidates spend 30–40 hours studying for the FINRA Series 63. Best practices suggest that you spread those hours over about 10 days.
How many questions do you need to get right on Series 63? ›In order for a candidate to pass the Series 63 exam, they must correctly answer at least 43 of the 60 scored questions. For additional information about this exam, including the content outline, please visit the exams page on the NASAA website.
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).