Series 31 Securities Exam – Securities License Exam Preparation

If you haven’t already, you may find our article on How to Pass My Series 31 Exam helpful.

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

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 Study Book

Study Book for Series 31

Study Book for Series 31


Series 31 Exam 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 is grouped into the same sections as the exam to give you a feeling as to the weighting of the topics on the test.

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

Series 31 Exam Online

DATABANK for Series 31

ONLINE PROGRAM for Series 31


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 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!
NOTE: All FINRA exam are continually being updated. You should take your exam within 120 days of ordering your study materials!
NOTE: Under the terms of our End User Licensing Agreement (“EULA”) each DATABANK Practice Exams product can be used only by one person. Once your order is processed by our staff you will be emailed access instructions to the DATABANK.