Table of Contents
What is a Series 34 license?
The Series 34 is an exam and license required for individuals seeking to engage in off-exchange forex transactions with retail customers. It is part of the registration and certification process for most forex managers, dealers, and intermediaries.
How do I get my Series 34 license?
The Series 34 exam—the Retail Off-Exchange Forex Examination—is a National Futures Association (NFA) exam administered by FINRA. The exam consists of 40 scored questions. Candidates have one hour to complete the exam. The passing score is 70%.
Do you need sponsorship for Series 34?
A candidate DOES NOT need to be sponsored by a firm to apply or sit for the NFA Series 34 Exam. (Note this is not the case for other FINRA administered exams.)
How hard is the Series 3 exam?
Covering such complex topics as futures contracts, hedging, options, margin requirements, and myriad regulatory rules, the Series 3 is a challenging, two-part, 150-minute exam, requiring rigorous exam prep. Although an official Series 3 exam pass rate is not published, it’s widely accepted to be about 70%.
Which FINRA exams don’t require sponsorship?
FINRA and Broker-Dealer Exams SIE and Series 63 exams do not require any sponsoring program. Series 7, 79, and 82 require a FINRA exam sponsorship before you can take the test.
Is the Series 3 exam hard?
Is the Series 53 exam hard?
Passing the MSRB Series 53 exam is a challenging but achievable goal. The benefits of becoming a Municipal Securities Principal – obtaining valuable industry knowledge and significant career advancement opportunities – are well worth the effort. Preparing for this exam requires dedication and rigorous study.
WHY DO RIAs not need a Series 7?
In some ways, the Series 7 credential is incompatible with the fiduciary relationship required of RIAs. An RIA is bound by law to put the client’s needs first. The Series 7, however, authorizes the holder to work on behalf of a broker-dealer, not necessarily on behalf of the client.
What is a series 34 license?
Series 34. The Series 34 is an exam and license required for individuals seeking to engage in off-exchange forex transactions with retail customers.
What is the series 34 exam in forex?
The Series 34 exam—the Retail Off-Exchange Forex Examination—is a National Futures Association (NFA) exam administered by FINRA. The exam consists of 40 scored questions.
What is the NFA series 34 exam?
The Series 34 exam—the Retail Off-Exchange Forex Examination—is a National Futures Association (NFA) exam administered by FINRA. The exam consists of 40 scored questions. Candidates have one hour to complete the exam. The passing score is 70%.
Do I need to sit the series 3 or series 34 exam?
Any new registrant will be required to sit for the Series 3 exam and the Series 34 exam to complete registration. Now in its Second Edition, with up-to-date information, rules and regulations and examples.