Search results
The Series 32 exam—the Limited Futures Examination-Regulations—is a National Futures Association (NFA) exam administered by FINRA. The exam consists of 35 scored questions. Candidates have 45 minutes to complete the exam. The passing score is 70%.
Series 32 Registration Process. The NFA Series 32 Exam is administered by FINRA. There is a two-step process that a candidate must complete to be able to take the Series 32 Exam.
To enroll for the appropriate exam, find it below and click the Enroll button for that group. You will automatically be directed to the correct enrollment process for that exam. For the best experience, please use a Windows laptop or desktop. Users have reported issues enrolling on Mac, mobile and tablet devices.
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.
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;
To be eligible for the Series 32 exam, you must hold a valid registration or license to solicit customer business in futures in a jurisdiction outside the U.S. (currently UK and Canada only). This course will build upon your existing knowledge of the futures industry and focus specifically on US regulations and compliance.
The Series 32 Exam, designed by the National Futures Association (NFA), provides testing relief to individuals registered in qualified non-U.S. jurisdictions — currently only Canada and the United Kingdom*. Any questions regarding eligibility should be directed to NFA prior to taking the Series 32.
