Individuals who have passed the Series 3 exam may register as an associated person with an NFA member and may transact business in futures contracts and options on futures contracts. Individuals who have passed the Series 3 exam may apply for NFA membership as any of the following:
$110 US. Note that this is the examination enrollment fee ONLY - other fees may also apply.
Multiple Choice and True/False questions.
|Part One||# Questions|
|Future Trading Theory and Basic Functions Terminology||19|
|Futures Margins, options Premiums, Price Limits, Settlements, Delivery, Exercise and Assignment||15|
|Types of orders, Customer Accounts, Price Analysis||11|
|Basic Hedging and Hedging calculations||9|
|Speculation in futures||3|
|CFTC / NFA Rules and Regulations||35|
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