Free NASAA Series 63 (Uniform Securities Agent State Law Examination) Practice Questions
The entire NASAA Series 63 question bank is free: 857 practice questions on state securities regulations, investment adviser and broker-dealer registration, remedies, and ethical practices. From FreeFellow, where 'free' is in the brand name. No trial, no signup to browse, no credit card.
Built by Jeffrey Ting, FSA, CFA, who passed thirteen of the hardest finance exams on the first attempt. The full question bank and worked solutions are free forever.
Instant readiness score in about 6 minutes. No signup to start.
Sample Questions
Question 1
Easy
A state-registered investment adviser may do all of the following EXCEPT:
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Correct Answer: A
Solution
A is correct. Client assets must be segregated and held with a qualified custodian. Commingling client securities with the firm's own assets and pledging them to secure a firm loan is a prohibited use of customer property. The other three actions are permitted ways to handle client assets and authority.
Question 2
Medium
All of the following constitute prohibited conduct by an agent EXCEPT:
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Correct Answer: C
Solution
C is correct. Recommending a fund whose 12b-1 compensation is disclosed to the client and approved by the firm is permissible because the conflict is disclosed and supervised. Borrowing from a customer who is not a lending institution, selling away from the firm without authorization, and churning are each prohibited practices.
Question 3
Hard
Under the Uniform Securities Act and NASAA model rules, all of the following firm practices are permissible EXCEPT:
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Correct Answer: A
Solution
A is correct. An agent may share in a customer's account only with the firm's written approval and in proportion to the capital each party contributes; sharing without the firm's authorization is prohibited. Delaying a disbursement on a reasonable belief of exploitation, exercising same-day time-and-price discretion, and promptly forwarding a third-party check to the custodian are each permitted.
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Others charge $1,000+. FreeFellow gives you the 70% you need to pass for free.
The full question bank, written solutions, lessons, formula sheet, mixed practice, and readiness tracking for your Series 63 prep are free forever. No trial period, no credit card. Every constructed-response item has a copy-to-AI prompt builder for your own ChatGPT or Claude. Become a Fellow ($79/qtr) only if you want mock exams, flashcards, analytics, AI essay grading, and a personalized study plan.
What's Free, and What Fellow Unlocks
The 70% of Series 63 prep you actually need to pass (questions, solutions, lessons, mixed practice, copy-to-AI essay prompts) is free forever. The remaining 30% (mocks, flashcards, analytics, study plan, AI essay grading) unlocks when you become a Fellow. Use the free tier as long as you like.
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Free forever
$0 · no credit card
857 practice questions with detailed solutions
Copy-to-AI essay prompts for your own ChatGPT or Claude
Mixed practice sessions across all topics
Formula sheet and reference materials
Readiness tracking with pass-probability estimates
No paywalls on questions · no trial period · no credit card
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Fellow unlock
$79 / qtr · $199 / yr per track
Timed mock exams with weighted scoring
Spaced-repetition flashcards backed by memory science
Topic-level practice to drill weak areas
Performance analytics by topic and difficulty
AI grading for constructed-response essays vs the official rubric
Personalized study plan that adapts to your exam date
How We Compare Save 90%+
Per-exam pricing across the major prep providers. The FreeFellow core (questions, solutions, lessons) is free forever. The optional Fellow tier is $79 per quarter, a small fraction of what traditional providers charge.
FreeFellow core free
$0 · Fellow $79/qtr
Kaplan
$100–$300
Traditional providers bundle prep into a single up-front fee. FreeFellow keeps the question bank and lessons free forever and charges only for deeper study tools (mocks, flashcards, analytics). All numbers are competitor list prices as of 2026.
Everything You Need to Pass
The free tier covers what most candidates need to pass. Fellow ($79/qtr) adds the pacing tools.
✓
857+ Practice QuestionsFREE
Every question includes a detailed, step-by-step solution.
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Mixed PracticeFREE
Cross-topic sessions to keep recall sharp.
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Readiness TrackingFREE
Pass-probability estimate that sharpens with every session.
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Copy-to-AI Essay PromptsFREE
Structured prompts you paste into your own ChatGPT or Claude for self-graded essay feedback.
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Flashcards & Spaced RepetitionFELLOW
SM-2 review cards for long-term retention.
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Timed Mock ExamsFELLOW
Full-length practice exams weighted to the real blueprint.
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AI Grading for EssaysFELLOW
Instant AI-graded feedback on constructed-response essays using the official rubric.
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Performance AnalyticsFELLOW
Topic-by-topic mastery breakdown with difficulty mix.
Series 63 uses continuous testing: candidates schedule on demand at a test center rather than waiting for a fixed sitting window. Confirm scheduling details and fees directly with NASAA before registering.
Frequently Asked Questions
How many free Series 63 practice questions does FreeFellow have?
FreeFellow currently offers 857 free Series 63 practice questions across 8 topics, each with a detailed step-by-step solution. Questions span three difficulty levels and are aligned to the 2026 syllabus. The question bank is updated regularly.
What Series 63 topics are covered?
The questions cover 8 topics: Regulation of Investment Advisers, Regulation of Investment Adviser Representatives, Regulation of Broker-Dealers, Regulation of Agents of Broker-Dealers, Regulation of Securities and Issuers, and 3 more. Each topic page shows your progress and lets you filter by difficulty level. You can practice by topic to target your weak areas or take mixed-topic practice exams.
Is FreeFellow really free for Series 63 prep, or is there a catch?
No catch. The 70% of Series 63 prep you actually need to pass is free forever: the full question bank of 857 practice questions, detailed solutions on every question, mixed practice, the formula sheet, and readiness tracking. No trial period, no credit card. The remaining 30% (timed mock exams, flashcards with spaced repetition, performance analytics, and a personalized study plan) unlocks when you become a Fellow.
What does the $79 Fellow tier unlock for Series 63?
Fellow ($79 per quarter or $199 per year, per track) unlocks four things on top of the free tier: timed mock exams with weighted scoring that match the real exam blueprint, spaced-repetition flashcards built on memory science from cognitive psychology, topic-level practice to drill weak areas, performance analytics broken down by topic and difficulty, and a personalized study plan that adapts to your exam date. Everything else (questions, solutions, lessons) stays free.
How does FreeFellow compare to Kaplan, Knopman, or Securities Training on price?
Traditional Series 63 prep providers charge $200 to $3,500 for a single exam, paid upfront. FreeFellow keeps the question bank, written solutions, and lessons free forever. The optional Fellow tier is $79 per quarter (a small fraction of what the big providers charge) and adds mock exams, flashcards, analytics, and a study plan. You can pass Series 63 entirely on the free tier.
How should I use FreeFellow to study for Series 63?
Start with topic-based practice to identify weak areas. As your exam date approaches, switch to timed practice exams under realistic conditions. The free tier gives you everything you need to build mastery; if you want pacing tools (mock exams, analytics, a study plan) and long-term retention aids (spaced-repetition flashcards), become a Fellow.
Do I need employer sponsorship to take the Series 63?
No. NASAA Series 65 and Series 63 exams do not require employer sponsorship. You can self-register through FINRA and schedule your exam at a Prometric testing center. This makes them accessible to independent financial advisors and those not yet employed by a firm.
FreeFellow is a free exam prep library for actuarial (SOA & CAS), CFA, CFP, CPA, CAIA, GARP FRM, IRS Enrolled Agent, IMA CMA, and FINRA / NASAA securities licensing candidates. The entire question bank, written solutions, and lessons are free for every candidate, with no trial period and no credit card. Every constructed-response item has a copy-to-AI prompt builder so candidates can paste their answer into their own ChatGPT or Claude for self-graded feedback; Fellow members get instant AI grading on essays against the official rubric (currently CFA Level III, expanding to other essay-bearing sections).
The 70% you need to pass (question bank, written solutions, lessons, formula sheet, mixed practice, readiness tracking) is free forever, with no trial period and no credit card. Become a Fellow ($79/quarter or $199/year per track) to unlock mock exams, flashcards with spaced repetition, performance analytics, AI essay grading, and a personalized study plan.