Question 1

What is the Series 63 exam?

Accepted Answer

The Series 63 (Uniform Securities Agent State Law Examination) is a NASAA exam covering state securities laws. It's required in most states in addition to the SIE + Series 6 or 7.

Question 2

What's the Series 63 passing score?

Accepted Answer

The Series 63 passing score is 72%. The exam has 60 questions (55 scored) and takes 1 hour 15 minutes. The exam fee is $147.

Question 3

How long should I study for the Series 63?

Accepted Answer

Most candidates study 20-40 hours over 1-2 weeks. The Series 63 is considered one of the easier FINRA/NASAA exams since it's shorter and focuses solely on state securities regulations. Many candidates take it shortly after the Series 7 while regulatory concepts are fresh.

Question 4

Do I need the SIE before the Series 63?

Accepted Answer

No, the Series 63 is a NASAA exam, not a FINRA exam, so the SIE is not a prerequisite. However, you'll need the Series 63 combined with a FINRA license (like Series 6 or 7) to be fully registered. You can take the Series 63 before or after your FINRA exams.

Question 5

Series 63 vs Series 66 - which should I take?

Accepted Answer

Take the Series 63 if you only need state agent registration (pair with Series 6 or 7). Take the Series 66 if you also want investment adviser representative (IAR) status and already have or plan to get the Series 7. The Series 66 combines Series 63 and 65 content into one exam.

Question 6

What are common mistakes to avoid on the Series 63?

Accepted Answer

Common mistakes include confusing state vs federal registration requirements, misunderstanding agent vs broker-dealer definitions, overlooking exemption rules for securities and transactions, and mixing up administrator powers. Focus on registration, exemptions, and ethical practices which comprise most of the exam.

Question 7

What careers require the Series 63?

Accepted Answer

The Series 63 is required for stockbrokers, financial advisors, and registered representatives who sell securities in most U.S. states. It doesn't directly increase salary but is legally required to transact business. Without it, you cannot sell securities even with a Series 7 license in most states.

Question 8

What's included for free?

Accepted Answer

All study guides, practice questions, and explanations are completely free. We also include 10 AI-powered questions daily. For unlimited AI assistance, you can upgrade to Pro.

Question 9

Why is the content free?

Accepted Answer

OpenExamPrep was founded by Ran Chen, a CFP® who passed multiple financial exams and believes quality exam prep shouldn't cost hundreds of dollars. With AI, we can create quality content at scale and make it accessible to everyone.

Question 10

Is the content up to date?

Accepted Answer

Yes! Our content is aligned with the latest exam outlines and updated regularly. Last update: January 2026.

Series 63

Free Series 63 Exam Prep

Series 63 Exam Details

Uniform Securities Agent State Law Examination

Exam Content Breakdown

What's Included

6 Chapters

Practice Quizzes

Free to Start

Quality Exam Prep Shouldn't Cost Hundreds

What's Next After the Series 63?

Series 65

Series 66

Series 63 Exam FAQ

Course Content

Introduction

Chapter 1: USA Definitions

Chapter 2: Registration of Persons

Chapter 3: Registration of Securities

Chapter 4: Fraudulent and Unethical Practices

Chapter 5: Administrative Provisions

Compare the Series 63

Official NASAA Resources

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