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Prepare for the 45-question managed futures exam with focused review of commodity pools, CTA-managed accounts, CPO/CTA disclosure, customer risk rules, promotional material, and FINRA Prometric logistics.
Series 31 is an NFA exam administered by FINRA for a specific managed-futures activity lane. Candidates have 60 minutes for 45 scored questions and need 70% to pass. HiraEdu keeps the plan centered on the limited registration use case, the official NFA study outline, and the operational details candidates must confirm before test day.
Series 31 is short, but it is not a general securities review. The strongest plan treats it as a managed-futures disclosure and solicitation exam.
Series 31 is an NFA Futures Managed Funds Examination administered by FINRA.
45 scored multiple-choice questions with a one-hour testing time.
FINRA lists a 70% passing score and no corequisite for the exam.
NFA frames the route around managed futures, commodity pools, CTA-managed discretionary accounts, and related supervision.
NFA describes Series 31 as an option for registered FINRA General Securities Representatives whose firm is also an NFA Member FCM or IB, and whose futures activity is limited to soliciting commodity pool participation, CTA-managed discretionary accounts, or supervising those limited activities. HiraEdu uses that scope to keep the prep tied to managed-futures funds, disclosure, customer information, and supervision.
The NFA outline includes general market knowledge such as margin, futures and forward contracts, price limits, open interest, settlement, basis, hedging, yield curve, cost of carry, leverage, and volatility. It also emphasizes regulation, CPO and CTA rules, disclosure documents, risk disclosure, upfront fees, and communications with the public. That mix rewards candidates who can connect products to obligations, not just memorize definitions.
Forty-five questions in 60 minutes gives enough time for careful reading, but not enough for slow rule lookup in memory. We build timed reviews around concise fact patterns, disclosure triggers, NFA rule references, and promotional-material judgment calls so candidates can answer efficiently without rushing the final set.
Use this FINRA Series 31 (Futures Managed Funds) 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 31 (Futures Managed Funds) while the linked service pages cover broader exam support options.
The FINRA Series 31, formally the NFA Futures Managed Funds Examination, is an NFA exam administered by FINRA. The current exam has 45 scored questions, a 60-minute time limit, and a 70% passing score. NFA positions Series 31 for FINRA General Securities Representatives whose FINRA member firm is also an NFA Member FCM or IB, and whose futures activity is limited to soliciting participation in commodity pools, CTA-managed discretionary accounts, or supervising those limited activities. HiraEdu builds Series 31 preparation around managed futures market knowledge, CPO and CTA regulations, disclosure documents, customer information and risk disclosure, upfront-fee disclosure, communications with the public, NFA disciplinary process, and FINRA Prometric scheduling logistics.
Series 31 is the NFA Futures Managed Funds Examination, administered by FINRA.
FINRA lists 45 scored questions with a 60-minute testing time.
The current passing score listed by FINRA is 70%.
NFA describes Series 31 for FINRA General Securities Representatives tied to an NFA Member FCM or IB and limited to managed-futures solicitation or supervision activities.
Prioritize managed futures market knowledge, CPO and CTA regulations, disclosure documents, customer risk disclosure, upfront-fee disclosure, promotional material, NFA disciplinary process, and records requirements.
Check that the Series 31 path matches the candidate's registration situation, sponsor relationship, and limited managed-futures activity before committing the study plan.
Review margin, futures and forward contracts, price limits, open interest, offsets, mark-to-market, settlement, spreads, basis, hedging, yield curve, cost of carry, leverage, and volatility.
Study reports to customers, exemptions, records, limited partnerships, accepting funds, disclosure documents, performance records, conflicts, business backgrounds, and NFA review before use.
Use timed scenarios on customer information, risk disclosure, upfront fees, promotional material, hypothetical results, past performance, written procedures, and supervisory review.
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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