Series 3 Exam Prep Training

Series 3 License Exam – National Commodities Futures

Securities Exam Preparation Inc’s Series 3 Study Book prepares you for the National Commodities Futures Exam. The Series 3 Exam is for anyone who is going to act as an Associated Person, Commodity Trading Adviser, Commodity Pool Operator, Introducing Broker, or Futures Commission Merchant.   Those who trade ForEx (foreign exchange) are under the jurisdiction of the CFTC/National Futures Association (NFA) and are  required to sit for the Series 3 and Series 34 tests.

The Series 3 exam study book is divided into eight categories to match the NFA study outline.  The exam is graded in two groups: Market Knowledge and Rules/Regulations.  The first seven categories, with 85 questions, comprise the Market Knowledge Group. Category eight, with 35 questions, comprises the Rules and Regulations Group. You must achieve a 70% on each group to pass the Series 3 exam.   

The Series 3 exam is a prerequisite to the Series 30 Futures Branch Manager exam. For more information on how to pass the Series 30 test, you can read our How To Pass Your Series 30 Exam guide.

No Prerequisite | $130 Test Fee (Form U-10) | 2 1/2 hour time limit

Series 3 Exam Topics Approximate Test Questions
Theory and Terminology 15
Margins, Limits, Settlements 11
Orders, Accounts, Analysis 11
Basic Hedging & Financial Hedging 21
Spreads 5
General & Financial Speculation 16
Options 6
Regulations 35
***Total Questions*** ***120***


Exam Prep  Materials – National Commodity Futures License

Series 3 Exam Prep Study Book

Series 3 Exam Book

Series 3 Exam Book


Our 200+ page Series 3 exam prep book is a 3-ring binder study program and is designed to allow you to learn at your own pace and convenience. The Series 3 exam prep text is divided into the same categories as the exam this gives you a feeling as to the weighting of the topics on the exam.

The Series 3 exam program includes end-of-category quizzes of 25 to 40 questions and two 125-point practice final exams. One final Series 3 exam is random but properly weighted and the other is divided into how the test is graded - Market Knowledge and Rules/Regulations - no other Series 3 exam prep study program is constructed this way!  All Series 3 exam prep questions have complete explanations.  These are exam-tough!

Online Series 3 Exam Prep Course

Series 3 Exam Online Home Study Course

Series 3 Online


Securities Exam Preparation, Inc. has partnered with the Center for Futures Education to provide an Online Series #3 program with 8 sections that match the National Futures Association’s study outline.

  • End-of-section quizzes are followed by the correct answers and an explanation. You can access each quiz a total of 5 times and then the quiz expires.
  • 2 Final Exams are included!  After completing a final exam, a list of the questions you missed is presented with your final score. You may choose questions from the list to see the original question, your answer, the correct answer, and an explanation – This lets you focus on the areas that are presenting difficulty — Final Exams have 10 accesses combined for the two final exams.
  • No Books – No Shipping! Nice!  Study wherever you have internet access. Mac or Windows.
  • Course access is good for 90 days from the time you create your user name and password – so make sure you plan your study in relation to when you want to take the actual exam!
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