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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.
On the National Commodity Futures Examination – Series 3, the candidate must receive a score of 70 percent on both parts of the exam (market knowledge and regulations) in order to pass. It is your responsibility to keep a record of your exam results.
Why Do I Need to Pass the Series 3 Exam? The Commodities Futures Trading Commission (CFTC) and the National Futures Association (NFA) require any person doing futures business with the public to register with and be licensed by the NFA. You must pass the Series 3 to be qualified to register with the NFA
6 wrz 2024 · Series 3 Exam Registration. To register for the Series 3 exam, you must complete an NFA enrollment form. Once the form has been approved, you will gain access to NFA’s Online Registration System (ORS), where you can complete the registration and scheduling process. During registration, you must pay the $140 examination fee.
In most cases, an individual seeking NFA membership or registration as an AP is required to pass the National Commodity Futures Examination (NCFE or Series 3) unless: the individual passed the Series 3 with two years of the date the application is filed;
Kaplan’s securities licensing exam prep packages provide all the necessary tools to help you prepare, practice, and perform on the NFA ® Series 3 Exam, National Commodities Futures Examination. Our up-to-date study options are designed to help you learn and remember the material quickly and easily.
To become registered, securities professionals must pass qualifying exams administered by FINRA to demonstrate their competence in the particular securities activities in which they will work. An individual must pass the exams prior to engaging in those areas of the business.
