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Series 4 Mock Exams & Practice Exam Questions | FINRA Registered Options Principal

Series 4 mock exams and practice exam questions for FINRA Registered Options Principal. Timed practice sets and detailed explanations in the FINRA Exam Prep app (web, iOS, Android).

On this page

Train Series 4 like an options principal: approve correctly, supervise continuously, document decisions, and escalate exceptions.

Start practicing (web app)

Interactive Practice Center

Start a practice session for Series 4 below, or open the full app in a new tab. For the best experience, open the full app in a new tab and navigate with swipes/gestures or the mouse wheel—just like on your phone or tablet.

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Practice modes

Full-length Mock Exam (timed)
Build speed on account approvals, margin/risk supervision, trading exceptions, and communications approvals.

Function drills (F1–F6)
Drill account opening and suitability (F1–F2), trading operations/market access (F3), communications (F4), supervision/records (F5), and personnel controls (F6).

Timing tip

Real exam pacing is about 135 total items in 195 minutes (~85–90 seconds per item). Practice under time so you don’t overthink “clean control” questions.

Series 4 at a glance (FINRA)

  • Scored items: 125
  • Unscored pretest items: 10 (135 total)
  • Time: 3 hours 15 minutes (195 minutes)
  • Format: Multiple choice
  • Passing score: 72
  • Cost: $155
  • Corequisites: SIE + Series 7
  • Effective date: 04/1975 – present

Note: FINRA includes unscored pretest items for question development. You won’t know which items are unscored, so treat every item as scored.

What Series 4 tests (job functions)

Series 4 is organized by six major functions:

  • F1 — Supervise the Opening of New Options Accounts — 16.8% (21 items)
  • F2 — Supervise Options Account Activities — 20% (25 items)
  • F3 — Supervise General Options Trading — 24% (30 items)
  • F4 — Supervise Options Communications — 7.2% (9 items)
  • F5 — Implement Practices and Adhere to Regulatory Requirements — 9.6% (12 items)
  • F6 — Supervise Associated Persons and Personnel Management Activities — 22.4% (28 items)

Eligibility (important)

Series 4 requires firm sponsorship. You must be associated with a FINRA member firm (or other applicable SRO member firm) to enroll and test.

FINRA describes SIE and Series 7 as corequisites for holding the Registered Options Principal registration. The Series 4 content outline also references other qualification paths (e.g., certain Series 7 modules or combinations) depending on the candidate’s situation—confirm prerequisites with FINRA and your firm before scheduling.

✅ Next: work through the Series 4 syllabus » and then start timed drills in Practice » .