Futures Industry Exams Fact Sheet

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Exam Name Exam Cost Number of Questions Material Covered Time IFM Study Materials
Series 3: National Commodity Futures Examination $125 120 True/False and Multiple Choice Comprehensive futures and options market knowledge and U.S. regulation 2 hours 30 minutes Futures and Options; the Guide to U.S. Futures Regulation and Series 3 PassMaster
Series 30: Branch Office Manager Futures $80 50 True/False and Multiple Choice Supervisory issues, requirements and procedures. 1 hour The IFM does not currently publish study materials for this exam.
Series 31: Futures Managed Funds Examination $80 45 True/False and Multiple Choice Overview of markets and regulation - emphasis on managed funds 1 hour Study Manual: NFA Series 31 Examination
Series 32: Limited Futures Examination - Regulation $80 45 True/False and Multiple Choice U.S. regulation 45 minutes Guide to U.S. Futures Regulation
Series 34: Retail Off-Exchange Forex Examination $80 45 True/False and Multiple Choice Forex terminology, market practices, calculations and regulation 1 hour The IFM does not currently publish study materials for this exam.