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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.
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;
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;
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
Enroll here to complete required FINRA exams, whether you are new to the industry or are seeking to broaden your career.
The Series 3 is an exam administered by FINRA that allows individuals to register with the National Futures Association (NFA) to sell commodity futures and options on those futures. The exam consists of 120 questions in two parts.
There is a two-step process that a candidate must complete to be able to take the Series 3 Exam. Step 1: The individual must apply with FINRA to take the NFA exam by completing and submitting an application form (Form U10, the Uniform Examination Request for non-FINRA candidates) online.
