Free Practice Exams
Exam-style practice questions with explanations for the licenses and designations advisors actually sit for. Pick an exam to start. No account required.
More than 3,300 free practice questions across 13 licensing and designation exams.
Securities licenses
Designations
Every exam at a glance
Last verified
| Exam | Questions | Time | Passing score | Official source |
|---|---|---|---|---|
| SIE | 80 items presented (75 scored, 5 unscored pretest); only the 75 scored items count toward the candidate's result | 1 hour 45 minutes | 70 | FINRA exam details ↗ |
| Series 7 | 125 scored questions (135 delivered, including 10 unscored pretest items) | 3 hours 45 minutes | 72% | FINRA exam details ↗ |
| Series 63 | 65 total questions (60 scored toward the final result, 5 unscored pretest questions interspersed and not identifiable to the candidate) | 75 minutes | 72% (43 of 60 scored questions) | NASAA exam details ↗ |
| Series 65 | 140 total (130 scored + 10 unscored/pretest) | 180 minutes | 92 of 130 scored questions correct (approximately 71%) | NASAA exam details ↗ |
| Series 66 | 100 scored questions + 10 unscored pretest questions = 110 total | 150 minutes | 73% (must correctly answer at least 73 of the 100 scored questions) | NASAA exam details ↗ |
| Series 6 | 50 scored questions + 5 unscored pretest questions = 55 total | 1 hour 30 minutes | 70 as stated on FINRA's Series 6 program page | FINRA exam details ↗ |
| Series 24 | 150 scored items (exam delivers 160 total items per candidate: 150 scored + 10 unscored/unidentified pretest items) | 3 hours 45 minutes | 70% | FINRA exam details ↗ |
| CFP | 170 | Two 3-hour sessions in one day | Pass/fail only. MoreCFP Board does not publish a fixed passing percentage; the cutoff is set through a criterion-referenced standard-setting process. | CFP Board exam details ↗ |
| CFA Level I | 180 multiple-choice questions (90 per session, two sessions) | Two 135-minute sessions | CFA Institute does not publish a fixed passing percentage. MoreThe Minimum Passing Score is maintained from one administration to the next through equating unless a significant change prompts the Board of Governors to reset it. | CFA Institute exam details ↗ |
| CFA Level II | 88 multiple-choice questions in 22 item sets | See the official page | CFA Institute does not publish a fixed passing percentage. MoreThe Minimum Passing Score is maintained from one administration to the next through equating unless a significant change prompts the Board of Governors to reset it; it is set through a criterion-referenced standard-setting process. | CFA Institute exam details ↗ |
| CFA Level III | 44 multiple-choice questions in 11 item sets, plus 11 constructed-response sets | See the official page | CFA Institute does not publish a fixed passing percentage. MoreThe Minimum Passing Score is maintained from one administration to the next through equating unless a significant change prompts the Board of Governors to reset it; it is set through a criterion-referenced standard-setting process. | CFA Institute exam details ↗ |
| CLU | Not published by The American College. MoreEach required course has its own proctored final exam. | Not published by The American College; each course exam is proctored separately. | 70% or higher final course grade in each required course. | The American College exam details ↗ |
| ChFC | Not published by The American College. MoreEach required course has its own proctored final exam. | Not published by The American College; each course exam is proctored separately. | Not published by The American College. | The American College exam details ↗ |
Where to start by role
Securities representative licenses
Investment adviser representative licenses
Supervisory principal licenses
Financial planning and investment designations
- Compare exams
- SIE vs Series 7
- Series 65 vs Series 66
- CFP vs CFA Level I
- Waiting periods to retake a failed FINRA or NASAA exam
- Exam sections by weight on the SIE, Series 7 and Series 65
Frequently asked questions
Is Advisor Train really free?
Yes. The practice questions are free to use. No paywall and no credit card. Advisor Train is provided by Parsonex.
Do I need an account to practice?
No. You can start practicing right away without signing up. A free account is optional and lets you sync your progress across devices.
Is my progress saved?
Your progress is saved on the device you practice on, even without an account. Signing in syncs it across your devices.
Which exams are covered?
Advisor Train covers major securities licensing exams and professional designations. See the full list above. New practice sets are added over time.
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