Series 57 Practice Test 2026 — Free Series 57 Exam Prep Questions
The Series 57 qualifies Securities Traders who engage in proprietary or agency trading of equities, preferred stock, convertible debt and other instruments, and is taken together with the SIE. Our practice set follows FINRA's two Series 57 functions: trading activities (order types, market access, Regulation M, Regulation SHO, Regulation NMS and customer order handling) and trade reporting, recordkeeping and settlement.
An issuer declares a regular cash dividend of $0.40 per share with a record date of Monday, December 7, 2026. Under FINRA's ex-date rules with T+1 settlement, what is the ex-dividend date?
Series 57 format, scoring & key facts
Computer-based at Prometric test centers, with a tutorial before the exam. Online (remote-proctored) delivery of FINRA exams other than the SIE is available only with an approved accommodation. A four-function calculator and erasable note boards are provided; no reference materials are allowed.
| Questions | 55 total: 50 scored and 5 unscored pretest items |
|---|---|
| Time | 1 hour 45 minutes |
| Passing score | 70 |
| Cost | $105 |
| Functions | Trading Activities 82% (41 items); Maintaining Books and Records, Trade Reporting and Clearance and Settlement 18% (9 items) |
| Eligibility | Firm sponsorship required; SIE is a corequisite |
| Calculator | Four-function calculator provided at the test center |
| Testing | Prometric test center (online only with an approved accommodation) |
Facts last verified Oct 26, 2026. Source: www.finra.org/registration-exams-ce/qualification-exams/series57. Always confirm details with FINRA before your exam.
When can you take the Series 57?
Offered year-round at Prometric test centers, within the 120-day enrollment window opened by your sponsoring firm.
Plan backwards from your exam date
What the Series 57 covers
Every PrepBanq Series 57 test mirrors the official domain weights.
Domain distribution
% of the exam| Content domain | Weight | ≈ Questions on exam | Our practice questions |
|---|---|---|---|
Trading Activities | 82% | ~41 | 123 questions → |
Maintaining Books and Records, Trade Reporting and Clearance and Settlement | 18% | ~9 | 27 questions → |
How to register for the Series 57
- 1Join a sponsoring firmA FINRA member firm (or other applicable SRO member firm) must associate with you and enroll you for the Series 57.
- 2Pass the SIEThe SIE is a corequisite: you need both exams for the Securities Trader registration.
- 3Schedule with PrometricBook a test-center appointment within your 120-day enrollment window. Changes inside 10 business days cost part or all of the $105 fee.
- 4Test and registerGet your pass/fail result on screen. Once you have passed both the SIE and the Series 57, your firm completes your registration.
Eligibility
You must be associated with and sponsored by a FINRA member firm or other applicable SRO member firm. To obtain the Securities Trader registration you must pass both the Series 57 and the Securities Industry Essentials (SIE) exam.
What to bring
- One current, unexpired government-issued photo ID with a signature; the name must exactly match the name your exam is scheduled under. Arrive 30 minutes early. The test center provides a four-function calculator, erasable note boards and markers.
Retake policy
You wait 30 days after a first or second failed attempt and 180 days after a third. From January 19, 2027 these drop to 15 days and 60 days (FINRA Regulatory Notice 26-18).
Score release
Your pass/fail result appears on screen shortly after you finish, with a printed report. A failing report shows your overall score and performance in each section.
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Series 57 FAQ
How many questions are on the Series 57?
The Series 57 has 55 questions (50 of them scored) and you have 1 hour 45 minutes to finish. Question types: Multiple choice with four answer choices each. 50 scored items plus 5 unidentified, unscored pretest items placed randomly through the exam. There is no penalty for guessing..
How long is the Series 57 exam?
Testing time for the Series 57 is 1 hour 45 minutes.
What is the passing score for the Series 57?
Series 57 passing standard: 70. Score range: Scores are equated to a common scale; 70 is the passing score.
How much does the Series 57 cost?
The Series 57 registration fee is $105. Check the official site for current fees before you register.
What is on the Series 57?
The Series 57 covers Trading Activities (about 82%), Maintaining Books and Records, Trade Reporting and Clearance and Settlement (about 18%).
Who administers the Series 57?
The FINRA Series 57 — Securities Trader Representative Exam is administered by FINRA. Delivery: Computer-based at Prometric test centers, with a tutorial before the exam. Online (remote-proctored) delivery of FINRA exams other than the SIE is available only with an approved accommodation. A four-function calculator and erasable note boards are provided; no reference materials are allowed..
Can you retake the Series 57?
You wait 30 days after a first or second failed attempt and 180 days after a third. From January 19, 2027 these drop to 15 days and 60 days (FINRA Regulatory Notice 26-18).
Is there a free Series 57 practice test?
Yes. PrepBanq has 15 free Series 57 practice tests with 150 exam-style questions in the real Series 57 formats, and every answer is explained. No credit card is needed.
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