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Prepare for the National Commodity Futures Examination with a plan that covers futures theory, hedging math, options, spreads, CFTC and NFA rules, and FINRA Prometric scheduling details.
Series 3 is an NFA exam administered by FINRA. Candidates face 120 scored questions in 150 minutes and must earn 70% on both the market knowledge and regulations parts. HiraEdu turns that structure into a focused study path with calculation practice, regulation checkpoints, and test-day readiness.
Use the official exam structure to set your pacing, topic priorities, and scheduling checklist before you start final review.
The National Commodity Futures Examination is an NFA exam administered by FINRA.
120 scored multiple-choice and true/false questions across market knowledge and U.S. regulations.
Candidates have 2 hours and 30 minutes, with scheduling handled through the FINRA and Prometric appointment process.
A 70% score is required on each of the two parts, so weak regulation or calculation coverage can block a passing result.
Series 3 is not just a futures terminology exam. The market knowledge side tests contracts, clearing, delivery, margin, basis, hedging, spreads, options strategies, and profit and loss calculations. The regulations side tests CFTC and NFA registration, account opening, disclosure, position limits, promotional material, supervision, AML, arbitration, and disciplinary procedures. Because each part needs its own 70% score, HiraEdu builds review plans that keep both sides moving instead of letting one strength hide the other.
Candidates need quick command of basis changes, long and short hedges, net purchase or sale prices, margin equity, option breakevens, spread outcomes, and speculative profit and loss. We organize practice around repeatable setups, then move into mixed timed sets so the exam does not feel like a series of disconnected formulas.
NFA exams are normally taken at a test center, and the official process includes FINRA enrollment, a scheduling window, Prometric appointment handling, government ID verification, closed-book rules, scratch paper return, and retake waiting periods after failed attempts. HiraEdu includes these steps in the plan so candidates know what to confirm before test day.
Use this FINRA Series 3 (National Commodities Futures) exam help page for exam-specific context, then compare the broader online exam help services page or contact HiraEdu if you need a direct handoff. This page stays focused on FINRA Series 3 (National Commodities Futures) while the linked service pages cover broader exam support options.
The FINRA Series 3, formally the NFA National Commodity Futures Examination, is administered by FINRA for NFA futures industry proficiency. The exam has 120 scored questions, a 150-minute seat time, and two separately scored parts: market knowledge and U.S. regulations. HiraEdu builds Series 3 preparation around futures contracts, basis and hedging calculations, options on futures, spreads, speculative profit and loss, CFTC and NFA registration rules, account handling, promotional material, supervision, AML, and test-center logistics through the FINRA and Prometric scheduling flow.
Series 3 is the National Commodity Futures Examination, an NFA exam administered by FINRA for futures industry proficiency.
The exam has 120 scored questions and a 2 hour 30 minute testing time.
Candidates must score 70% on each of the two parts: market knowledge and regulations.
FINRA lists no corequisite for Series 3, and NFA notes that a sponsor is not required for futures industry exams.
Begin with futures contracts, margin, basis, hedging, spreads, and options, then pair that work with steady review of CFTC and NFA account, disclosure, supervision, promotional material, AML, and disciplinary rules.
Start by separating market knowledge from regulations, then tag each study block to NFA outline areas such as futures contracts, hedging, options, FCM and IB rules, CPO and CTA rules, promotional material, and AML.
Work through basis, hedge results, option breakevens, spread profit and loss, and return-on-margin questions until the setup can be recognized quickly under time pressure.
Build recall around NFA membership, AP registration, customer information and risk disclosure, discretionary accounts, records, position reporting, supervision, communications with the public, and disciplinary procedures.
Use timed mixed reviews that report market knowledge and regulations separately, then keep remediation tied to the part that is dragging the score below the 70% threshold.
Use the guide to self-serve, or talk to a coordinator if you need help mapping timelines, official requirements, or troubleshooting day-of logistics.
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