FINRA Series 3: National Commodity Futures Examination Prep

The Series 3 Exam is required by Commodities Exchanges for trading futures and commodities.

Number of Questions: 120 scored questions (plus 10 unscored experimental questions).
Exam Structure: 2 parts: Market and Trading Functions; Regulations. All questions are multiple choice.
Prerequisites: None
Time to Complete: 2 hours and 30 minutes.
Passing Score: 70% on each part
Recommended Study Time: 40-50 hours

Package Contents

All Knopman Marks packages include:
  • Series 3 License Exam Manual
  • QBank for online & print exams
  • Various Supplements
  • Access to an instructor
  • Access to My Knopman

Click here to view the Exam Content Outline

Select Your Course Packages

Select the packages you would like to purchase and enter the quantity of each item. When you are finished, click the "Add To Cart" button at the bottom of the form.

Live and Virtual Classroom Package

  • 1 Day Live Classroom Training
  • NYC-based class

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On-Demand Training Package

  • Over 4 hours of training
  • Streaming On-Demand PowerPoint presentations
  • Instant access to online instruction

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Purchase Both

(All with Materials)


$130.00 Add-on

Have you previously purchased either Live Classroom or Knopman Training Package? Log in and add the other for $130.00.

Video Lectures Only

  • Material & Exams are NOT included with this purchase
  • Instant access to online instruction
  • Over 4 hours of training
  • Streaming On-Demand powerpoint presentations

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The subject areas of the Series 3 exam include:

  • Futures Trading Theory and Basic Functions Terminology
  • Future Margins, Option Premiums, Price Limits, Futures Settlements, Delivery, Exercise, and Assignment
  • Types of Orders, Customer Accounts, Price Analysis
  • Basic Hedging, Basis Calculations, Hedging Futures
  • Spreading
  • Speculating in Futures
  • Option Hedging, Speculating, Spreading
  • Regulations

Further elaboration on each subject area is provided in the link above. An understanding of all necessary terminology is essential, as is an in-depth understanding of all functions and requirements for market trading and speculation.

Passing the Series 3 Exam is essential for anyone interested in doing business as a futures professional—the Series 3 Exam screens potential candidates, and evaluates their fitness and knowledge base.

Taking the Series 3 Exam does not require a sponsor, and is the required prerequisite for the Series 30 Futures Branch Manager Exam.

No Exam Info

  • Knopman Marks students have unlimited access to classes for 1 year.
  • If these dates do not fit your schedule, instruction can also be provided on a private basis.