Kaplan University School of Professional and Continuing Education Kaplan University School of Professional and Continuing Education

Series 3 - National Commodities Futures Examination


Pass Your Securities Series 3 Licensing Exam With Kaplan

Kaplan's securities test prep solutions for the NFA® Series 3 exam are tailored to meet your learning style. Choose from our Online Class or a Self-Study Solution.

Pass the Series 3 with a full suite of exam prep options designed to help you work smarter, perform better, and score higher. And with Kaplan's Practice Exam, SecuritiesPro™ QBank, and experienced instructors, you'll be more confident on exam day.

Click + to learn more about Kaplan's exam prep options for the Series 3 exam.

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Series 3 Study Solutions:

BasicPlus Self-Study Solution $299.00  Add to Cart 

Don’t go it alone! Add expert instruction by Securities professionals to your Basic Self-Study Solution. Our OnDemand online class can be taken anytime, anywhere, and reviewed as often as you like. Plus, our clear, concise Class Notes provide convenient, organized post-class review.

  • OnDemand Online Class
  • License Exam Manual (LEM)
  • Class Notes
  • SecuritiesPro™ QBank
  • Practice Exam
  • InstructorLink
    • Study Calendar
    • Searchable FAQs
    • Exam Tips
    • Content Updates
Basic Self-Study Solution $209.00  Add to Cart 

This package is the foundation for any successful study regimen! The comprehensive License Exam Manual, SecuritiesPro™ QBank, and Practice Exam form the core of your series-specific study program. Partial access to InstructorLink™ provides a suite of online resources.

  • License Exam Manual (LEM)
  • SecuritiesPro™ QBank
  • Practice Exam
  • InstructorLink
    • Study Calendar
    • Searchable FAQs
    • Exam Tips
    • Content Updates

Series 3 Individual Study Tools:

SecuritiesPro™ QBank (Online + Download) $99.50  Add to Cart 

Test yourself with an interactive database of exam-focused questions. Build personalized exams based on length and topic of your choice, and then complete the exams online or print them out to study on the go! The QBank allows you to create personal notes and bookmarks for future reference and search for specific questions based on keyword, question ID, or notes.

License Exam Manual, 4th Edition $99.50  Add to Cart 

The foundation of your securities exam preparation, the License Exam Manual (LEM) is a comprehensive textbook covering all aspects of the exam. Units contain short, focused paragraphs with numerous graphics, exercises, and quizzes to help you learn faster and retain critical information. The text also includes a glossary of common terms.

Practice Exam $10.00  Add to Cart 

Practice with an online collection of practice questions built on the most current test topics. Frequently updated to address the latest regulations, this exam may be taken only once. It is designed to be an accurate measure of preparedness and provides a score with diagnostic feedback without answer explanations. You should carefully review all Practice Exam questions and topics prior to your securities test to ensure the best possible exam results.

General Information

The NFA® Series 3, National Commodities Futures Exam is required for registration with the national commodity exchanges in order to solicit and sell commodity futures and options on futures.

Prerequisites: None

Exam Format: 120 multiple-choice questions

Exam Duration: 2 hours, 30 minutes

Passing Score: 70% or above

Fee: $125.00

Outline of Topics Covered:

  • Future Trading Theory and Basic Functions Terminology
  • Futures Margins, Option Premiums, Price Limits, Futures Settlements, Delivery, Exercise, and Assignment
  • Types of Orders, Customer Accounts, Price Analysis
  • Basic Hedging, Basis Calculations, Hedging futures
  • Spreading
  • Speculating in Futures
  • Options Hedging, Speculating, Spreading
  • Regulations

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