Series 31 Exam Prep Study Program

Series 31 Exam Preparation - Futures Managed Funds


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 the Series 3 cannot open individual futures trading accounts.

Prerequisite is a FINRA registration, usually the Series 7 exam | $85 test fee | (Form U-4) | 1 hour time limit

Test Topics Approximate Test Questions
Questions General Market Knowledge 12
CTA/CPO Regulations 5
Know Your Customer 2
Promotional Material 2
Regulations 9
CTA/CPO Disclosure 8
Upfront Fees 7
***Total Questions***  ***45***

Series 31 Futures Managed Funds Exam Prep Book


Series 31 Exam Prep Study Book

The Series 31 study program is 75+ pages and is specially-designed to allow you to learn quickly and efficiently. The program is up-to-date, comprehensive, and written in an easy-to-understand style.

The text includes end-of-section quizzes and practice final exams. All questions have complete explanations.



Series 31 Exam Prep Online

Securities Exam Preparation, Inc. has partnered with the Center for Futures Education, Inc. to offer an online Series 31 study program.

The Online Series 31 Exam program has 7 sections that match the National Futures Association’s study outline:
  • The 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 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!
Please refer to the Center's  Terms of Service and Conditions of Use and