Free Series 63 Practice Exam
Practice Series 63 questions on the Uniform Securities Act and NASAA’s ethics rules, read why each answer is right, then take a full mock in the real format: 65 questions in 75 minutes, scored on the 60 that count.
65 questions in 75 minutes, scored on the 60 that count, with a score by outline section and a worked answer for every question.
Or start with a free 10-question drill- 180 original Series 63 questions with worked answers
- 8 free drills: every outline section plus a mixed set
- 65 questions in the full mock, 75 minutes, as on exam day
Under FINRA Rule 3110, how often must each registered person participate in an interview or meeting at which compliance matters relevant to the person's activities are discussed?
Series 63 exam format
The NASAA Series 63 Uniform Securities Agent State Law Exam, run by NASAA and administered by FINRA.
- Questions
- 65 multiple-choice questions: 60 scored plus 5 unscored pretest questions
- Time limit
- 75 minutes
- Passing score
- 43 of the 60 scored questions (72%)
- Fee
- US$147
- Prerequisites
- None, and no sponsor is needed: you can open your own enrollment window through FINRA
- Retakes
- Wait 30 days after a first or second failed attempt and 180 days after a third. For enrollments opened on or after January 4, 2027 the wait after a third failure is 60 days
- Law tested
- The Uniform Securities Act of 1956 as amended by NASAA, NASAA model rules and statements of policy
- Largest sections
- Ethical practices 25% (15 questions) and communication with customers 20% (12 questions)
What’s on the Series 63 exam
NASAA’s outline sections. Our full mock draws its 60 scored questions at the official counts and adds 5 unscored pretest questions, as on the real exam. Every topic has a study guide and a free ten-question drill with a worked answer after every question.
| Topic | What it covers | Guide and drill |
|---|---|---|
| I–II. Investment advisers and IARs6 scored questions (10%) | Who is an investment adviser or investment adviser representative, exclusions, federal covered advisers and state registration | 10-question drill |
| III. Broker-dealers7 scored questions (12%) | Who is a broker-dealer, exclusions, registration, net capital, books and records and agent supervision | 10-question drill |
| IV. Agents of broker-dealers8 scored questions (13%) | Who is an agent, issuer exclusions, registration, Form U4 and U5 and moving between firms | 10-question drill |
| V. Securities and issuers5 scored questions (9%) | What is a security, registration methods, exempt securities, exempt transactions and antifraud | 10-question drill |
| VI. Remedies and administrative provisions7 scored questions (11%) | The Administrator’s powers, administrative orders, civil liability, rescission and criminal penalties | 10-question drill |
| VII. Communication with customers12 scored questions (20%) | Required disclosures, misrepresenting registration, guarantees, customer agreements, advertising and social media | 10-question drill |
| VIII. Ethical practices and obligations15 scored questions (25%) | Compensation, custody, discretion, excessive trading, loans, insider trading, selling away and senior exploitation | 10-question drill |
What the Series 63 tests
- State securities law: who must register as a broker-dealer, agent, investment adviser or investment adviser representative, and who is excluded or exempt.
- Securities registration and exemptions, the Administrator’s powers, civil and criminal penalties.
- Almost half the exam is conduct: what an agent must disclose, what it must never say, and NASAA’s list of unethical business practices.
Take a full Series 63 mock under the real clock
65 questions in 75 minutes, scored on the 60 that count, with a score by outline section and a worked answer for every question.
Or start with a free 10-question drillHow to take the Series 63
- Most states require the Series 63 before an agent of a broker-dealer can sell securities in the state. It is usually taken with or after the Series 7.
- Your firm enrolls you, or you open your own enrollment window through FINRA and pay the US$147 fee.
- Schedule with Prometric and sit the 65-question exam in 75 minutes.
- After passing, most states give you two years to register before the exam expires.
The securities licensing path
Most representatives pass the SIE, then the Series 7 with a sponsoring firm, then the state exam their role needs: the Series 63 to sell as an agent, the Series 65 to give advice as an investment adviser representative, or the Series 66 in place of both alongside the Series 7.
Start
SIE practice examFINRA · 75 scored questions · no sponsor
Then
Series 7 practice examFINRA · 125 scored questions
State exam
Series 63 practice exam
NASAA · 60 scored questions
State exam
Series 65 practice examNASAA · 130 scored questions
State exam
Series 66 practice examNASAA · 100 scored questions
Common questions
How many questions are on the Series 63?
65 multiple-choice questions: 60 count and 5 are unscored pretest questions. You have 75 minutes.
What score do you need to pass the Series 63?
At least 43 of the 60 scored questions, about 72%.
Do I need a sponsor for the Series 63?
No. NASAA exams can be taken without a sponsoring firm: you open an enrollment window through FINRA and pay the US$147 fee yourself.
Can I take the Series 63 before the Series 7?
Yes. The Series 63 has no prerequisite or corequisite. To register as an agent you still need the SIE and Series 7 (or another FINRA representative exam), and most states require the 63 as well.
How long do I wait to retake the Series 63?
30 days after a first or second failed attempt and 180 days after a third. For enrollments opened on or after January 4, 2027, the wait after a third failure is 60 days.
Which law does the Series 63 test?
The Uniform Securities Act of 1956 as amended by NASAA, plus NASAA model rules and statements of policy. The exam does not test the Uniform Securities Act of 2002.
Are these real Series 63 questions?
No. NASAA does not release exam questions. These are original practice questions written to NASAA’s published outline, with an explanation and the rule behind every answer.
Ready for exam day?
65 questions in 75 minutes, scored on the 60 that count, with a score by outline section and a worked answer for every question.
Or start with a free 10-question drillNext: the Series 66
One securities licensing pass covers every full mock exam and unlimited drills for the Series 7, 63, 65 and 66. The SIE has its own page.
Exam format, fees, passing scores and retake rules checked November 2026: FINRA: Series 63 exam · NASAA Series 63 content outline · NASAA Series 63 study guide · NASAA: Exam FAQs.
Original independent practice questions written to the published NASAA content outline. Not affiliated with or endorsed by FINRA or NASAA.