200+ Free Series 34 Practice Questions
Pass your Retail Off-Exchange Forex Examination exam on the first try — instant access, no signup required.
Loading practice questions...
Key Facts: Series 34 Exam
40 scored
Exam Questions
FINRA
70%
Passing Score
FINRA
1 hour
Time Limit
FINRA
$90
Exam Fee
NFA
Series 3/32
Paired Proficiency
NFA
200
Practice Questions
Open Exam Prep
FINRA currently lists the Series 34 at 40 scored questions in 60 minutes with a 70% passing score, and NFA lists the exam fee at $90. NFA's official outline names four major subject areas but does not publish official percentage weights, so this practice bank emphasizes regulatory requirements, leverage, calculations, options, and customer-risk issues in proportion to outline breadth.
About the Series 34 Exam
The Series 34 is the NFA retail forex proficiency exam administered by FINRA. It qualifies individuals seeking approval as a forex firm or forex associated person to engage in off-exchange retail forex, when paired with the required Series 3 or Series 32 proficiency path unless an exemption applies.
Assessment
40 scored questions plus 5 unscored experimental questions
Time Limit
1 hour
Passing Score
70%
Exam Fee
$90 (NFA/FINRA)
Series 34 Exam Content Outline
Forex Market Knowledge
Currency pairs, quoting conventions, order handling, hedging uses, spot-market structure, and rollover basics.
Forex Regulatory Requirements
RFED, FCM, IB, AP registration concepts, risk disclosures, promotional-material restrictions, supervision, and customer onboarding.
Economics and Exchange-Rate Drivers
Central-bank policy, inflation, growth, interest-rate differentials, intervention, trade flows, and market sentiment.
Forex Calculations, Options, and Risks
Pips, profit and loss, leverage, margin, financing charges, OTC forex options, and key retail-forex risks.
How to Pass the Series 34 Exam
What You Need to Know
- Passing score: 70%
- Assessment: 40 scored questions plus 5 unscored experimental questions
- Time limit: 1 hour
- Exam fee: $90
Keys to Passing
- Complete 500+ practice questions
- Score 80%+ consistently before scheduling
- Focus on highest-weighted sections
- Use our AI tutor for tough concepts
Series 34 Study Tips from Top Performers
Frequently Asked Questions
What is the Series 34 exam?
The Series 34 is the Retail Off-Exchange Forex Examination. NFA requires it for individuals seeking approval as a forex firm or forex associated person before they engage in off-exchange retail forex, unless a specific exemption applies.
How many questions are on Series 34?
FINRA lists 40 scored questions with a 60-minute time limit. NFA's study-outline page also notes 5 additional experimental questions that do not count toward the grade.
What score do I need to pass Series 34?
The passing score is 70%, which means 28 of the 40 scored questions must be answered correctly.
Do I also need Series 3 or Series 32?
Yes, in most cases. For forex proficiency, NFA requires Series 34 in addition to satisfying the Series 3 or Series 32 path, unless an exemption applies under NFA's proficiency rules.
Do I need firm sponsorship to take Series 34?
No sponsor is required just to enroll for the exam. Sponsorship matters later when you apply for the relevant NFA registration as a forex associated person or firm.
Did the Series 34 exam change for 2026?
As of March 11, 2026, I did not find a newly published 2026 Series 34 content-outline revision or exam-format change. FINRA still lists 40 scored questions, 1 hour, and a 70% passing score, and NFA still uses the same four major subject areas.