FINRA · Securities Trader · coming soon

Pass the Series 57 on the first try.

The license for equity traders who execute trades for a broker-dealer or its customers. Our Series 57 course is in the works. Here's everything you need to know about the exam in the meantime.

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Planned price $129 · one-time payment

The exam

What's on the Series 57.

Focuses on the rules that govern trading: market structure and Reg NMS, order types and handling, short sales under Reg SHO, volatility safeguards and anti-manipulation rules, plus trade reporting and clearance and settlement. Passing it together with the SIE qualifies you to register as a Securities Trader, which covers Nasdaq and OTC equity trading and proprietary trading.

Who takes it. Equity traders, proprietary traders and other trading-desk staff at broker-dealers.

Official FINRA exam page ↗

How the 50 scored questions are split

1. Trading Activities82%

41 questions

2. Trade Reporting, Books and Records, and Clearance and Settlement18%

9 questions

Coming soon

The Series 57 course is in the works

Planned price: $129. Leave your email and we'll tell you the day it opens.

Start now

Get a head start while you wait.

The Series 57 has a co-requisite: SIE. These courses are open today:

SIESecurities Industry Essentials$79 · View course →Series 7General Securities Representative$199 · View course →Series 63Uniform Securities Agent State Law$99 · View course →

FAQ

Series 57 questions, answered.

Who can take the Series 57?

Sponsorship by a FINRA member firm. Co-requisite: SIE. Equity traders, proprietary traders and other trading-desk staff at broker-dealers.

What score do I need to pass the Series 57?

70%, on 50 scored questions (plus 5 unscored pretest questions you can't tell apart).

How much does the Series 57 exam cost?

The exam fee is $105, paid when you enroll for the exam. It's separate from the price of the course.

Is Series Ready affiliated with FINRA?

No. Series Ready is an independent study provider. Our courses are built on the publicly available content outlines and rules, but we are not affiliated with, endorsed by or sponsored by FINRA or NASAA.