The SIE (Securities Industry Essentials Exam) is an exam established by FINRA to test the abilities of prospective securities industry professionals. Regardless of firm association or lack thereof, anyone can take the SIE as long as they are 18 years and older.
The fundamental ideas of the securities business are covered in the SIE test, including risks, products, market structures, and regulatory organizations. Noted that passing SIE with at least a score of 70 is one of the two essential steps to become a securities industry professional. The other requirements are passing a qualifying test for that particular industry and completing a background investigation.
In terms of the format, this entry-level exam consists of 75 multiple-choice questions, and the participants must finish attempts within 1 hour and 45 minutes. Additionally, it costs $60 to take.
Here comes the SIE test breakdown:
Knowledge of Capital Markets - 16% of the exam
Understanding Products and Their Risks - 44% of the exam
Understanding Trading, Customer Accounts, and Prohibited Activities - 31% of the exam
Overview of Regulatory Framework - 9% of the exam.
The SIE Practice Test features:
Free Practice Questions: 1000+ FREE SIE Practice questions with detailed explanations are available for all of the required skills. All you need to pass your recruitment test is available here.
SIE Practice Test Based On Real Tests: Same number of questions, same time limits, same structure. The exam simulators let you familiarize with the test format and get totally ready for the real one.
No Sign Up Or Login Required: All of your progress is saved without an account, even if you close your browser. But login can sync your date between web and mobile applications.
Gamification: The learning process will be divided into small milestones. Let’s make your studying exciting as if you were in some interesting games.
Personal Study Plan: Just enter your SIE Practice test test date, a study plan will be set up for you. A clear schedule will surely exceed your expectation and get you the best preparation for the read shot.
3 Interesting Test Modes: 3 different test modes with increased difficulty level let you experience the test in various ways.
Dark Mode: Experience a dark theme which is more friendly to your eyes, and get a whole new and marvelous experience.
No Internet Required: Study on the go conveniently without any Internet connection.
SIE Practice Test Test Bank: 3 features: Weak/ Medium/ Strong questions help you clearly determine which area you should pay more attention.
This version of SIE Exam Prep 2023 Android App comes with one universal variant which will work on all the Android devices.
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