Series 7 Practice Test 2026 — Free Series 7 Exam Prep Questions
The Series 7 qualifies registered representatives to sell a broad range of securities, including stocks, bonds, options, investment company products and variable contracts; candidates must also pass the SIE. Our practice questions follow FINRA's four Series 7 job functions, with an emphasis on the product, suitability, options and margin calculations that make up most of the exam.
A 55-year-old customer in the 24% federal bracket owns a nonqualified variable annuity with a cost basis of $60,000 and a current value of $90,000. He takes a $40,000 lump-sum withdrawal (the contract is not annuitized). What is his total federal income tax plus penalty on the withdrawal?
Series 7 format, scoring & key facts
Computer-based at Prometric test centers. Online (remote-proctored) delivery of the Series 7 is available only to candidates with an approved accommodation.
| Questions | 130 total: 125 scored and 5 unscored pretest items (cut from 10 pretest items on Oct 27, 2025) |
|---|---|
| Time | 3 hours 45 minutes |
| Passing score | 72 |
| Cost | $395 |
| Functions | Seeks business 7% (9), Opens accounts 9% (11), Information & recommendations 73% (91), Processes transactions 11% (14) |
| Eligibility | Firm sponsorship required; SIE is a corequisite |
| Valid for | Lapses after 2 years without registration |
| Testing | Prometric test center (online only with an approved accommodation) |
Facts last verified Oct 17, 2026. Source: www.finra.org/registration-exams-ce/qualification-exams/series7. Always confirm details with FINRA before your exam.
When can you take the Series 7?
The Series 7 is offered year-round at Prometric test centers, within the enrollment window opened by your sponsoring firm.
Plan backwards from your exam date
What the Series 7 covers
Every PrepBanq Series 7 test mirrors the official domain weights.
Domain distribution
% of the exam| Content domain | Weight | ≈ Questions on exam | Our practice questions |
|---|---|---|---|
Seeks Business for the Broker-Dealer from Customers and Potential CustomersCommunications with the public, approvals, seminars and the new-issue process. | 7% | ~9 | 11 questions → |
Opens Accounts After Obtaining and Evaluating Customers' Financial Profile and Investment ObjectivesAccount types and registrations, retirement plans, customer information, authorizations and approvals. | 9% | ~11 | 13 questions → |
Provides Customers with Information About Investments, Makes Recommendations, Transfers Assets and Maintains Appropriate RecordsFundamental analysis, portfolio theory, equities, debt, munis, packaged products, DPPs, options, suitability and records. | 73% | ~91 | 109 questions → |
Obtains and Verifies Customers' Purchase and Sales Instructions and Agreements; Processes, Completes and Confirms TransactionsQuotes, order processing and confirmations, complaints and discrepancies, and margin. | 11% | ~14 | 17 questions → |
How to register for the Series 7
- 1Join a sponsoring firmA FINRA member firm must associate with you and file Form U4 to enroll you for the Series 7.
- 2Pass the SIEThe SIE is a corequisite: you need both exams to register as a General Securities Representative.
- 3Request accommodations if neededGet FINRA's accommodation approval before you book; it can't be added to an existing appointment.
- 4Schedule with PrometricBook a test-center appointment within your enrollment window. Rescheduling or cancelling late costs part or all of the $395 fee.
- 5Test and registerGet your result on screen. Once you have passed both the SIE and the Series 7, your firm completes your registration.
Eligibility
You must be associated with and sponsored by a FINRA member firm (or another applicable SRO member firm), which enrolls you through Form U4. To register as a General Securities Representative you must pass both the Series 7 and the SIE; the SIE can be taken before or after the Series 7.
What to bring
- One valid, unexpired government-issued ID with your photo and signature; the name must exactly match your enrollment. Arrive 30 minutes early. Prometric provides a calculator and an erasable note board, and personal items go in a locker.
Retake policy
You wait 30 days after a first or second failed attempt, and 180 days after a third failure within two years. From January 19, 2027 these drop to 15 days and 60 days (FINRA Regulatory Notice 26-18). Waiting periods apply only to the exam you failed.
Testing accommodations
Request testing accommodations from FINRA before you schedule, using the Testing Accommodations Request Form with supporting documentation. Approved accommodations are free; book only after approval. Online testing for the Series 7 is available only as an approved accommodation.
Score release
Your pass/fail result appears on screen when you finish, and you receive a printed report. Failing reports show your score and performance by function.
Credential renewal
The qualification lapses if you are not registered with a firm for 2 years (FINRA Rule 1210.08). The SIE has its own 4-year window.
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Series 7 FAQ
How many questions are on the Series 7?
The Series 7 has 130 questions (125 of them scored) and you have 3 hours 45 minutes to finish. Question types: Multiple choice with four answer choices each. 125 scored items plus 5 unidentified, unscored pretest items placed randomly through the exam. There is no penalty for guessing..
How long is the Series 7 exam?
Testing time for the Series 7 is 3 hours 45 minutes.
What is the passing score for the Series 7?
Series 7 passing standard: 72. Score range: Scores are equated to a common scale; 72 is the passing score.
How much does the Series 7 cost?
The Series 7 registration fee is $395. Check the official site for current fees before you register.
What is on the Series 7?
The Series 7 covers Seeks Business for the Broker-Dealer from Customers and Potential Customers (about 7%), Opens Accounts After Obtaining and Evaluating Customers' Financial Profile and Investment Objectives (about 9%), Provides Customers with Information About Investments, Makes Recommendations, Transfers Assets and Maintains Appropriate Records (about 73%), Obtains and Verifies Customers' Purchase and Sales Instructions and Agreements; Processes, Completes and Confirms Transactions (about 11%).
Who administers the Series 7?
The Series 7 — General Securities Representative Exam is administered by FINRA. Delivery: Computer-based at Prometric test centers. Online (remote-proctored) delivery of the Series 7 is available only to candidates with an approved accommodation..
Can you retake the Series 7?
You wait 30 days after a first or second failed attempt, and 180 days after a third failure within two years. From January 19, 2027 these drop to 15 days and 60 days (FINRA Regulatory Notice 26-18). Waiting periods apply only to the exam you failed.
Is there a free Series 7 practice test?
Yes. PrepBanq has 15 free Series 7 practice tests with 150 exam-style questions in the real Series 7 formats, and every answer is explained. No credit card is needed.
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