NASAA · Series 63
Uniform Securities Agent State Law Exam (Series 63) practice exams
NASAA's Series 63 state law exam — practice against the official content outline, with every answer explained.
Or read 15 sample questions with answers.
About the Series 63 exam
The Series 63 tests knowledge of state securities law under the Uniform Securities Act and NASAA rules. Most states require it before a broker-dealer agent can do business there.
These practice exams follow NASAA's outline: investment advisers 5%, investment adviser representatives 5%, broker-dealers 12%, agents 13%, securities and issuers 9%, remedies and administrative provisions 11%, communications with customers 20%, and ethical practices 25%.
The real exam
Public information published by NASAA. A ExamWize practice exam matches this format — it is not a copy of the exam's contents.
- Format
- 65 multiple-choice questions (60 scored, 5 unscored pretest) in 75 minutes.
- Cost
- NASAA and FINRA list the fee — check the current exam fee before you enroll.
- Scoring
- You need 43 of 60 scored questions correct (about 72%). Practice scores here use a 72% pass line.
- Validity
- Firms file your registration through FINRA's CRD system after you pass.
Practice by exam topic
ExamWize practice exams draw questions in these same proportions, from a bank of 597 Series 63 questions. Open a topic for what it covers and free questions with answers.
- Regulation of Investment Advisers· 30 questions5%
- Regulation of Investment Adviser Representatives· 29 questions5%
- Regulation of Broker-Dealers· 71 questions12%
- Regulation of Agents of Broker-Dealers· 78 questions13%
- Regulation of Securities and Issuers· 55 questions9%
- Remedies and Administrative Provisions· 66 questions11%
- Communication with Customers and Prospects· 117 questions20%
- Ethical Practices and Obligations· 151 questions25%
Who it's for
- Registered representatives who need state agent registration
- SIE and Series 6 or 7 candidates completing their licensing
- Compliance staff who want to review state securities law
How to prepare
- Ethics (25%) and communications (20%) are almost half the exam — know the unethical practices lists.
- Learn the definitions: agent, broker-dealer, investment adviser and IAR, and who is excluded.
- Know which securities and transactions are exempt from state registration.
- Know the Administrator's powers and the civil and criminal penalties.
See the free Series 63 cheat sheet for a one-page domain summary, and the content policy for how these questions are written.
Free Series 63 practice resources
- 15 free Series 63 practice questionsSpread across the exam's topics, each with the answer and an explanation for every option.
- Free 10-question diagnosticA quick, scored check of where you stand, with no account needed.
- Series 63 cheat sheetThe topics and the facts that come up most, on one page.
- Series 63 study guideHow to plan your preparation.
Series 63 exam FAQ
- What is the format of the Series 63 exam?
- 65 multiple-choice questions (60 scored, 5 unscored pretest) in 75 minutes.
- How much does the Series 63 exam cost?
- NASAA and FINRA list the fee — check the current exam fee before you enroll.
- How is the Series 63 exam scored?
- You need 43 of 60 scored questions correct (about 72%). Practice scores here use a 72% pass line.
- How long is the credential valid?
- Firms file your registration through FINRA's CRD system after you pass.
- How many Series 63 practice questions does ExamWize have?
- 597 original practice questions, drawn into full practice exams in the same format and domain proportions as the real Series 63. Every option has its own explanation.
- Are these real Series 63 exam questions?
- No. Every question is original, written from NASAA's public content outline — never copied from the real exam or from exam dumps. They match the real exam's format, not its contents.
- Can I try ExamWize for free?
- Yes. The free diagnostic has 10 Series 63 practice questions with a full explanation for every answer, and no account is needed.