Time Allowed to Complete the Exam 1 hour and 15 minutes
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Passing Score 72% (43 of 60 questions correct)
Is the series 63 a hard exam?
How hard is the Series 63 exam? Expect the Series 63 to be challenging, mainly because of the short amount of time you have to complete the questions. You only have 75 minutes, so if you spend more than a minute and 15 seconds on each question, you can fall behind quickly.May 7, 2020
What is the Series 63 exam like?
The Series 63 exam consists of 60 multiple-choice questions. There are 36 questions about state securities acts and their related rules and regulations (60 percent) and 24 questions about ethical practices and fiduciary obligations (40 percent).May 7, 2020
What is the hardest series exam?
The Series 7 exam is by far the longest and most difficult of all the securities exams. It lasts for 225 minutes and covers all aspects of stock and bond quotes and trading; put and call options; spreads and straddles; ethics; margin, and other account holder requirements; and other pertinent regulations.
Is the series 63 hard to pass?
While some users emphasized that the Series 63 exam was not difficult, many stressed the need to study and work through a few practice exams. While there is a no official pass / fail rate released, a previous study suggested that around 14% of candidates fail the exam on their first attempt.
How many times can you fail the Series 63?
Retaking the Series 63 Exam After a person fails the Series 63 exam the first time, there is a waiting period of at least 30 days before the second taking of that exam can be scheduled. After a second failed attempt, there is another waiting period of at least 30 days.
Is Series 63 required?
The Series 63 (formally known as the Uniform Securities Agent State Law Examination) is a registered exam that is required of all potential registered representatives in most of the U.S. states. However, Colorado, District of Columbia, Florida, Louisiana, Maryland, Ohio, and Puerto Rico do not require the Series 63.
How hard is Series 7 and 63?
Is the Series 7 Certification Exam Hard? Though it may seem a bit daunting, especially if you have no industry experience, the Series 7 is, in fact, a medium difficulty exam. ... On average, the pass rate for the Series 7 exam is around 65%. Comparatively, about 86% of candidates pass the Series 63 on their first attempt.Sep 4, 2017
What is the pass rate for Series 63?
98.36%
Can I keep my Series 63 without a sponsor?
Unlike many other FINRA exams, the Series 63 exam does not require member firm sponsorship. ... To pass the Series 63 exam, you must answer 43 of the 60 scored questions correctly, or achieve a score of just over 71%.Mar 18, 2019
How long should you 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.May 7, 2020