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Series 57 Mock Exams & Practice Exam Questions | FINRA Securities Trader

Series 57 mock exams and practice exam questions for FINRA Securities Trader. Timed practice sets and detailed explanations in the FINRA Exam Prep app (web, iOS, Android).

On this page

Train Series 57 like it’s tested: order types and handling, market access controls, short sale and Reg NMS rules, and clean trade reporting/audit trail decisions.

Start practicing (web app)

Interactive Practice Center

Start a practice session for Series 57 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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A small set of questions is available for free preview. Subscribers can unlock full access by signing in with the same account used on mobile.

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Practice modes

Full-length mock exam (timed)
Build pace across both job functions.

Job-function drills (F1/F2)
Fix weak areas quickly—especially the high-weight F1 trading content.

Timing tip

Real exam pacing is about 55 total items in 105 minutes (~110–120 seconds per item). Practice timed sets early so your “fact pattern → rule → next step” loop becomes automatic.

Series 57 at a glance (FINRA)

  • Items: 50 scored + 5 unscored pretest items (55 total)
  • Time: 1 hour 45 minutes (105 minutes)
  • Format: Multiple choice
  • Passing score: 70 (scaled)
  • Cost: $80
  • Corequisite: SIE

What Series 57 tests (job functions)

Series 57 is organized by two major job functions:

  • F1 — Trading Activities — 82% (41 items)
  • F2 — Maintaining Books and Records, Trade Reporting and Clearance and Settlement — 18% (9 items)

Eligibility (important)

Series 57 requires firm sponsorship. You must be associated with a FINRA member firm (or other applicable SRO member firm) to enroll and test.

What to expect on this exam

Series 57 reads like a trader’s job description. Expect heavy emphasis on:

  • market making concepts (roles, MPIDs, quoting status)
  • order types and order handling (including extended-hours risks and best execution)
  • market access controls (SEC Rule 15c3-5) and “don’t bypass controls”
  • prohibited trading practices (spoofing, MNPI/insider risk, manipulative devices)
  • IPO/secondary offering trading constraints and Regulation M themes
  • OTC equity and penny stock quoting basics (Rule 15c2-11 and Form 211 concepts)
  • short sale rules (Reg SHO: locate, marking, price test, close-outs)
  • Reg NMS concepts (order protection, limit order display, sub-penny)
  • trade reporting, audit trails, CAT/COATS basics, and settlement/confirmations

Next: work through the Series 57 syllabus » and then start timed drills in Practice » .