Every one of FreeFellow's 938 Series 7 practice questions is free, with a step-by-step solution and no trial period. Samples need no signup, and the full bank needs a free account. The full original question bank is free with an account, subject to usage limits. Worked solutions, written lessons, mixed practice, and your readiness score stay free.
The Series 7 (the General Securities Representative exam) is 125 multiple-choice questions over 225 minutes. You need 72% to pass, or 90 of the 125, and the historical pass rate usually cited is also around 72%. You'll memorize a lot of product mechanics (options, municipal bonds, packaged products, margin), but most questions come back to whether a recommendation is appropriate for a specific customer.
Getting sponsored, and what's tested
You have to pass the SIE first, then get sponsored by a FINRA member firm, which files a Form U4 for you. If you're not sponsored yet, the free SIE practice questions are the place to start. The fee is $395 (FINRA), usually paid by the firm. There are a few unscored pretest items on top of the 125 scored questions, and a failed attempt means a 30-day wait before you can retake.
FINRA organizes the exam around four job functions:
| Function | Share of the exam |
|---|---|
| Seeks business for the broker-dealer | about 7% |
| Opens accounts after obtaining and evaluating customer financial profiles | about 9% |
| Provides information, makes recommendations, transfers assets, keeps records | about 73% |
| Obtains and verifies purchase and sale instructions, processes transactions | about 11% |
The third function is nearly three of every four questions, so that's where your practice time goes, and it's mostly customer-profile reasoning rather than product facts on their own.
Options, suitability and the math
Take options, municipal securities, packaged products and margin one area at a time, right after you study each, since they're the dense, calculation-heavy parts. Don't leave options and suitability for the end. Options questions show up all through the exam and intimidate a lot of candidates, and suitability runs through every product area, so the sooner it clicks, the more of the exam makes sense.
Options math (breakevens, max gain and max loss on spreads and straddles) is a reliable source of missed points, and you can learn it, but only with repetition. Accrued interest, tax-equivalent yield and margin math come up often enough to matter too, so practice them until they're automatic. Candidates who passed the SIE on rote memory sometimes carry that habit into the Series 7 and stall, because the Series 7 asks you to apply rules to a customer rather than recite them.
With a 72% passing bar, you can't afford a weak area you don't know about. Fellow analytics on the Series 7 question bank track accuracy by topic, so a gap like municipal bond taxation turns up before exam day.
Most candidates study 6 to 10 weeks. I'd spend weeks 1 to 4 on the product areas with questions as you go, weeks 5 to 7 on mixed practice weighted toward the recommendations function while tracking accuracy by topic, and the final weeks on full timed exams, options and suitability review, and weak areas. In those last weeks, sit full-length timed sets until 3 hours and 45 minutes of focus feels normal.
The bank's 938 questions come at three difficulty levels, each with a step-by-step solution and most with notes on the answer choices. The 10 written lessons, mixed practice and readiness tracking are free too, with no credit card. If you want timed mock exams, spaced-repetition flashcards, focus practice on weak topics or analytics, those come with the optional Fellow tier. You can take the free Series 7 diagnostic for a readiness score with no signup.