Free FINRA Series 7 (General Securities Representative) Practice Exam & Questions
The entire FINRA Series 7 question bank is free: 938 practice questions covering equities, bonds, options, mutual funds, municipal securities, margin requirements, and trade settlement. From FreeFellow, where 'free' is in the brand name. Public samples need no signup. The full original question bank is free with an account, subject to usage limits.
938 questions4 topics2026 syllabus
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
Which type of bond has ZERO reinvestment risk?
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Correct Answer: B
Solution
Choice B is correct because zero-coupon bonds pay no periodic interest — they are purchased at a deep discount and mature at par. Since there are no coupon payments to reinvest, there is no reinvestment risk when held to maturity.
Question 2
Medium
Which of the following best describes a principal transaction?
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Correct Answer: C
Solution
Choice C is correct because in a principal transaction, the broker-dealer acts as a dealer, buying from or selling to the customer from the firm's own inventory (proprietary account). The firm earns a markup or markdown rather than a commission.
Question 3
Hard
The Options Clearing Corporation (OCC) serves as the:
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Correct Answer: B
Solution
Choice B is correct because the OCC is the issuer and guarantor of all listed options contracts in the United States. After a trade is executed on an options exchange, the OCC interposes itself between buyer and seller, becoming the counterparty to both sides. The OCC guarantees that the writer will fulfill the obligation if the option is exercised. This eliminates counterparty (credit) risk for option holders — the holder does not need to worry about the financial ability of the specific writer to perform.
Key OCC functions: - Issues and guarantees all listed option contracts - Acts as counterparty to every buyer and every seller - Processes exercises and assignments - Adjusts contract terms for corporate actions - Maintains margin requirements for clearing members
What Series 7 candidates are saying
“The questions on this website were a huge help, and I just want to say thank you. Getting into the repetition of doing questions and getting an idea of what the exam would look like is something I'm truly grateful for.”
AK
“I passed yesterday. Loved your site. I love the pings when you get an answer right and the detailed explanation when you get one wrong.”
Elizabeth B.
“I passed my Series 63. Now I'm studying for the 65 on my own using your material.”
Kayla M.
Free practice questions, worked solutions, and written lessons.
The full original question bank, written solutions, lessons, formula sheet, mixed practice, and readiness tracking for your Series 7 prep are free forever. Full access requires a free account and is subject to usage limits. No trial period, no credit card. Become a Fellow ($79/qtr) only if you want mock exams, flashcards, analytics, and a personalized study plan.
What's Free, and What Fellow Unlocks
The original question bank, worked solutions, written lessons, mixed practice, and readiness score stay free forever. Full access requires a free account and is subject to usage limits. Fellow adds mock exams, flashcards, analytics, and a personalized study plan.
✓
Free forever
$0 · no credit card
938 practice questions with detailed solutions
Mixed practice sessions across all topics
Formula sheet and reference materials
Readiness tracking based on practice history
No paywalls on original questions · no trial period · no credit card
✦
Fellow unlock
$39 / mo · $79 / qtr per track · $199 / yr as Fellow Plus
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
Personalized study plan that adapts to your exam date
Series 7 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 FINRA before registering.
Frequently Asked Questions
How many free Series 7 practice questions does FreeFellow have?
FreeFellow currently offers 938 free Series 7 practice questions across 4 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 7 topics are covered?
The questions cover 4 topics: Seeking Business for the Broker-Dealer, Opening Accounts, Investment Products and Recommendations, Processing Transactions. 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.
How many questions are on the Series 7 exam, and how long is it?
The Series 7 delivers 130 multiple-choice questions, of which 125 are scored and 5 are unscored pretest items that do not count toward your result (FINRA). Testing time is 3 hours 45 minutes. FreeFellow's Series 7 practice questions follow this format, and the free mixed practice draws from the full bank.
What is a passing score on the Series 7?
Series 7 is graded at 72 (FINRA). FreeFellow's readiness score estimates where you sit against that bar from your own practice history, and it is free.
Is FreeFellow really free for Series 7 prep, or is there a catch?
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 original question bank, worked solutions, written lessons, mixed practice, and readiness score stay free forever. Timed mock exams, spaced-repetition flashcards, AI grading on supported exams (5 attempts a day), performance analytics, and a personalized study plan. Practice and grading usage limits apply.
What does the $79 Fellow tier unlock for Series 7?
Fellow is $39 per month or $79 per quarter, per exam family (USD). Fellow Plus is $49 per month, $99 per quarter, or $199 per year, per exam family (USD). Every annual plan is Fellow Plus. Fellow adds 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?
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 original question bank, worked solutions, and written lessons stay free forever. Fellow is $39 per month or $79 per quarter, per exam family (USD). See https://freefellow.org/pricing for package prices and coverage.
How should I use FreeFellow to study for Series 7?
Start with topic-based practice to identify weak areas. As your exam date approaches, switch to timed practice exams under realistic conditions. 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 7?
Yes. The Series 7 requires sponsorship from a FINRA member firm. Your employer files a Form U4 on your behalf, which opens a 120-day enrollment window to take the exam. You must also pass the SIE exam first or concurrently (FINRA).
About FreeFellow
Jeffrey Ting
FSA, CFA · Founder
FreeFellow was built by Jeffrey Ting, a credentialed actuary and CFA charterholder who has passed thirteen of the hardest exams in finance, all on his first attempt. He paid four-figure prep fees along the way.
So he started writing his own questions, then lessons, then mock exams, until it grew into a full prep platform covering 40 exams with more than 45,000 original practice questions.
01
Cost shouldn't decide who gets in.
A CFA charter, a CPA license, an actuarial credential. Each opens a real career, but prep fees add to the cost of getting there. FreeFellow keeps its original question bank and written lessons free so you can study even if a paid course is out of reach.
02
Free should mean free.
The original question bank, the worked solutions, the topic lessons, mixed practice, and your readiness score stay free, forever. Full access needs a free account, and practice usage limits apply. Fellow adds AI grading on supported exams, spaced-repetition flashcards, full-length mock exams, analytics, and a study plan that adapts to your progress.
All 938 Series 7 questions, worked solutions, and lessons are free. 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.
