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Futures Industry Exams Fact Sheet

Click on any exam or study material for more information.

Exam Name Exam Cost Number of Questions Material Covered Time IFM Study Materials
Series 3: National Commodity Futures Examination $105 120 True/False and Multiple Choice Comprehensive futures and options market knowledge and U.S. regulation 2 hours 30 minutes Series 3 PassMaster Futures and Options, Guide to U.S. Futures Regulation
Series 31: Futures Managed Funds Examination $70 45 True/False and Multiple Choice Overview of markets and regulation - emphasis on managed funds 1 hour Study Manual: NFA Series 31 Examination
Series 32: Limited Futures Examination - Regulation $70 45 True/False and Multiple Choice U.S. regulation 45 minutes Guide to U.S. Futures Regulation