Is the Series 7 Exam Difficult? Clocking in at 125 questions to be answered in three hours and 45 minutes, the Series 7 exam is considered the most difficult of all the securities licensing exams. The minimum passing score is 72, which may not seem that difficult.

What is a Series 7 license exam?

The Series 7 exam — the General Securities Representative Qualification Examination (GS) — assesses the competency of an entry-level registered representative to perform their job as a general securities representative.

What is required for a Series 7 license?

Series 7 And 63 Licensing Requirements Are As Follows: You must be sponsored by a member of FINRA (formerly NASD) or a Self-Regulatory Organization. A passing grade of 72% or better on the Series 7 exam, administered through Prometric Testing Centers. The Series 7 test includes a multiple choice exam.

Does the Series 7 have a lot of math?

The exam is approximately 30% math (e.g. options, margin and convertible bonds). Some candidates feel strong in the math and will plan to score well there, allowing for a slightly weaker performance on the regulations. Other candidates “fear” the math – that’s okay too.

What do you need to know about the series 7 license?

The Series 7 license allows professionals to sell securities in the U.S. To obtain it, they must pass a rigorous exam covering various financial topics.

What’s the difference between Series 6 and Series 7?

The Series 6 license allows a representative to sell only a limited set of investment products, whereas the Series 7 license allows a registered representative to sell a wider variety of securities. 1  2  Series 6 Exam

Do you have to take series 7 to be a stockbroker?

Known formally as the General Securities Representative Qualification Examination, the Series 7 exam and its licensing is administered by the Financial Industry Regulatory Authority (FINRA). Stockbrokers in the United States need to pass the Series 7 exam to obtain a license to trade.

Is there series 7 Exam for securities industry essentials?

As part of implementing the Securities Industry Essentials (SIE) exam, FINRA restructured their examination programs. As part of this restructuring, FINRA has created a tailored top-off examination for earning the Series 7 license.