Free FINRA Series 7 (General Securities Representative) Practice 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. No trial, no signup to browse, no credit card.
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
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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 7 prep are free forever. 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 70% of Series 7 prep you actually need to pass (questions, solutions, lessons, mixed practice) is free forever. The remaining 30% (mocks, flashcards, analytics, study plan) unlocks when you become a Fellow. Use the free tier as long as you like.
✓
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 with pass-probability estimates
No paywalls on 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
How FreeFellow Compares
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
$0 · Fellow $79/qtr
Kaplan SIE + Series 7
$250–$600
Knopman Marks
$300–$500
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.
✓
938+ Practice QuestionsFREE
Every question includes a detailed, step-by-step solution.
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.
Is FreeFellow really free for Series 7 prep, or is there a catch?
No catch. The 70% of Series 7 prep you actually need to pass is free forever: the full question bank of 938 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 7?
Fellow ($39 per month or $79 per quarter, per track; the $199 annual is Fellow Plus) 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 7 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 7 entirely on the free tier.
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. 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 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 passed thirteen of the hardest exams in finance on the first attempt, and paid four-figure prep fees for every one. The learning itself was always free. The price was a moat.
So he started writing his own questions, then lessons, then mock exams, until it grew into a full prep platform covering 35 finance credentials with more than 40,000 original practice questions. The name says exactly what it is: the question bank is free, and Fellow is what you become once you pass.
01
Cost shouldn't decide who gets in.
The exam is a fair gate. A four-figure prep course is not. FreeFellow takes the second gate down, so the exam is the only one left.
02
Free should mean free.
No trial clock, no email gate, no credit card. The question bank, worked solutions, lessons, and readiness score stay free, and they are enough to pass.
03
Built by someone who sat where you sit.
He paid for the big-name courses, found nothing he respected, and built the prep he wished had existed. Not a marketing team that has never sat an exam.
