To become a CTA:
Pass the Series 3 exam. Join the National Futures Association (“NFA”) as a CTA Submit your Disclosure Document to the NFA/CFTC for registration You can study for the Series 3 exam while your application forms are being created and processed — but your registration isn’t complete until you finish all steps and show proof of passing the Series 3 exam.
Refer to our Resources page for helpful links.
Series 3 National Commodity Futures Exam
The Series 3 National Commodity Futures Exam is the exam that is required in order to register with the National Futures Association as an Associated Person, Commodity Trading Adviser, Commodity Pool Operator, or Introducing Broker. It’s a 2.5 hour 120 question exam divided into rules and market knowledge. You need a 70% on both parts at one sitting to pass.
You do not need a sponsor in order to sit for the Series 3 exam.
The Series 3 exam is given Monday – Friday (Saturdays at some locations) at Prometric or Pearson VUE Testing centers across the U.S. and many overseas locations.