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Use our free SIE study guide to prepare for your Securities Industry Essentials Exam. This online study guide is divided into four sections based on FINRA’s SIE Content Outline. There is also a review quiz for each section. When you finish working through the guide, be sure to try our SIE Practice Tests .
- Packaged Products
Packaged Products Terminology. Investment Objective: Every...
- Debt Instruments
This page of our free SIE Study Guide covers debt...
- Investment Risk
This page of our SIE Study Guide focuses on the various...
- Offerings
This page of our SIE Study Guide covers the various types of...
- Equity Securities
Risks of Equity Securities. The risks of investing in equity...
- Market Participants
Broker-Dealers. While broker and dealer are often written...
- Options
Options Knowledge. Options Clearing Corporation (OCC):...
- Packaged Products
Test Your SIE Knowledge. Get firsthand experience with a free practice test for the Security Industry Essentials ® (SIE ®) Exam. Answer 75 multiple-choice questions that are similar to those you might find on the SIE exam. Proceed at your own pace.
We offer you the best in SIE exam preparation resources – completely free. Our expertly designed four practice exams and study guide are fully updated for 2024. Our free SIE practice exams will help you revise the study course and score high in the final exam.
- Sie Exam Eligibility
- Sie Exam Outline
- Sie Exam Registration
- Online Sie Prep Course
- Test Day
- How The Sie Exam Is Scored
- How to Pass The Sie Exam
The Securities Industry Essentials exam is available to candidates and students who are at least 18 years old. Candidates are required to take the SIE exam before or after associating with a firm.
The SIE exam contains 85 multiple-choice questions, 10 of which are unscored, and you will be given a time limit of 1 hour and 45 minutes. The 10 unscored questions are scattered randomly throughout the exam and are unmarked, so you will not know which questions are scored or unscored. FINRA includes these questions in order to validate them for us...
If you would like to self-enroll for the SIE exam, you must first create a FINRA account on their website. From there, you can enroll for the exam, pay the $80 examination fee, and schedule a test date.
If you want to be fully prepared, Mometrix offers an online SIE Prep Course. The course is designed to provide you with any and every resource you might want while studying. The SIE Course includes: 1. Review Lessons Covering Every Topic 2. 900+ SIE Practice Questions 3. More than 300 Digital Flashcards 4. Money-back Guarantee 5. Free Mobile Access...
In-person Testing
You should arrive at the testing center 15-30 minutes before your exam is scheduled to begin. Arriving late will result in your exam being canceled. Once you arrive, you will be asked to show a valid, government-issued photo ID. If your ID is invalid or you forget to bring it, you will not be permitted to sit for the exam. Once the check-in process is complete, you will be asked to leave all personal items (cell phone, books, papers, notes, food, jacket, hat, etc.) in a secure locker outside...
Remote Testing
On the day before your exam, you should check your computer’s audio, video, and webcam to ensure everything is working as expected. You will need to download and install an application that will perform a system check to ensure your laptop or desktop operating system meets the minimum requirements. On the day of the exam, you will need to clear your testing area of your cell phone, reference materials, scratch paper, and food or drink containers. You will be asked to show your ID and to scan...
The SIE exam is scored using the modified-Angoff method, which means that your final score is determined based only on your performance on the examination. You will need a scaled score of at least 70 to pass this exam.
How to Study Effectively
Your success on SIE test day depends not only on how many hours you put into preparing but also on whether you prepared the right way. It’s good to check along the way to see whether your studying is paying off. One of the most effective ways to do this is by taking SIE practice tests to evaluate your progress. Practice tests are useful because they show exactly where you need to improve. Every time you take a free SIE exam practice test, pay special attention to these three groups of questio...
Answer Explanations
Additionally, many SIE practice tests have a section explaining the answer choices. It can be tempting to read the explanation and think that you now have a good understanding of the concept. However, an explanation likely only covers part of the question’s broader context. Even if the explanation makes sense, go back and investigate every concept related to the question until you’re positive you have a thorough understanding.
Comprehend Each Topic
As you go along, keep in mind that the SIE practice test is just that: practice. Memorizing these questions and answers will not be very helpful on the actual test because it is unlikely to have any of the same exact questions. If you only know the right answers to the sample questions, you won’t be prepared for the real thing. Study the concepts until you understand them fully, and then you’ll be able to answer any question that shows up on the test.
This comprehensive study set is designed for the Securities Industry Essentials (SIE) exam. It includes material adapted directly from the official FINRA SIE practice exam, along with additional practice questions from reputable organizations.
We have five full-length SIE practice exams you can use to test your exam readiness. We’ve also put together practice questions for each SIE exam domain. The practice exams will help you identify the SIE exam domains that you are weak in.
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Start preparing for the SIE exam with our free, full-length practice exam which includes 75 questions, answers, and answer rationales covering all topics including capital markets, products and risk, trading and customer accounts, and regulatory frameworks.