The Series 31 Exam is required for those who wish to receive trailing commissions on commodity limited partnerships, commodity pools, or managed accounts guided by Commodity Trading Advisors. The Series 31 license is also meant for those supervising these same limited activities. Individuals who take this exam in lieu of theSeries 3cannot open individual futures trading accounts.
Prerequisite is a FINRA registration, usually theSeries 7exam | $85 test fee | (Form U-4) | 1 hour time limit
Securities Exam Preparation, Inc. has partnered with the Center for Futures Education, Inc. to offer an online Series 31 study program.
TheOnline Series 31 Exam program has 7 sectionsthat match the National Futures Association’s study outline:
Theend-of-section quizzesare 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 Examsare 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 30 days from the date 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!