Preparatory Course Series 34 USA American Broker Examination Retail Forex (FINRA)
Series 34 – Retail Off-Exchange Forex Exam
The Series 34 exam—the Retail Off-Exchange Forex Examination—is a National Futures Association (NFA) exam administered by FINRA. The exam consists of 40 scored questions. Candidates have one hour to complete the exam. The passing score is 70%.
Each individual seeking approval as a forex firm or forex associated person pass the Series 34 examination before engaging in off-exchange retail forex unless:
- – the applicant has satisfied the Series 3 or Series 32 proficiency requirement (as described above) and
- = NFA has received satisfactory evidence that the applicant has passed the Series 34 within two years of the date the application is filed or
- = since the date the applicant last passed the Series 34 there has been no period of two consecutive years during which the applicant has not been either registered as an AP or FB or FCM, RFED, IB, CPO, CTA or LTM that is a Member of NFA; or
- – the applicant was registered as an AP, FB or an approved sole proprietor on May 22, 2008, and there has been no period of two consecutive years since that date during which the applicant has not been either registered as an AP or FB, or FCM, RFED, IB, CTA, CPO or LTM that is a Member of NFA.
Information is based on content in https://www.finra.org/registration-exams-ce/qualification-exams/series34 and https://www.nfa.futures.org/registration-membership/how-to-register/proficiency-requirements.html