FINRA SIE exam prep · a Maniot app
Free SIE practice test and SIE study guide
SIE exam questions with a rationale for every answer, timed practice exams weighted like the four SIE sections, and short lessons that fit a few minutes a day on your phone.
No account, no card. Your progress stays on this device.
- 1,301 practice questions
- 110 short lessons
- 342 glossary terms
Scan to keep studying on your phone.
Try one SIE exam question
Concern that a future change in tax law could reduce the value of tax-advantaged bonds is an example of:
Show the answer and why
Answer: A. Changes in tax law that affect an investment's value are legislative risk. Credit risk is about the issuer paying, call risk about early redemption, and timing risk about trade timing.
What the SIE exam is
The Securities Industry Essentials exam is FINRA's entry-level test of securities industry basics. Anyone 18 or older can take it, with no firm sponsoring them. With a qualification exam such as the Series 7, it leads to registration as a representative.
Retake waits shorten on January 19, 2027, from 30/30/180 days to 15/15/60 (FINRA Regulatory Notice 26-18). Details and sources: what is the SIE exam?
The four SIE sections
FINRA's content outline splits the 75 scored questions like this. The practice exams in Savvy SIE use the same weights.
16%Knowledge of Capital Markets
12 questions: regulators, market structure, the economy, offerings.
44%Understanding Products and Their Risks
33 questions: stocks, bonds, munis, options, funds, investment risk.
31%Trading, Customer Accounts and Prohibited Activities
23 questions: orders, settlement, accounts, compliance, misconduct.
9%Overview of the Regulatory Framework
7 questions: registration, Forms U4 and U5, conduct rules.
What's free
No account and no ads; progress is saved on your device.
- A full timed practice exam: 80 questions in 1 hour 45 minutes, weighted like the outline and scored by section
- Shorter practice sets from 1,301 SIE exam questions, timed or in tutor mode, each with a rationale for the right answer and the tempting wrong ones
- The first lesson of every module, plus the featured lessons and How the SIE Works
- A daily set of questions for the days you only have ten minutes
- A glossary of 342 SIE terms, one plain sentence each, as flashcards
Savvy SIE Pass: $9.99 one-time
6 months of full access, no subscription. One payment through Stripe; it never renews.
- All 110 short lessons across 19 topics, from the Fed's toolkit to Form U4
- Unlimited full practice exams, timed like the real SIE
- Readiness by section, weighted like FINRA's outline
- A study plan that counts down to your test date
SIE study guide and free guides
Written from FINRA's own pages, with the sources listed in every guide.
Frequently asked
What is the SIE exam?
The Securities Industry Essentials (SIE) exam is FINRA's entry-level exam on securities industry basics. Anyone 18 or older can take it without a sponsoring firm. Together with a qualification exam such as the Series 7, it leads to registration as a representative.
How many questions are on the SIE, and how long is it?
80 multiple-choice items in 1 hour 45 minutes: 75 scored and 5 unscored pretest items you cannot tell apart. FINRA cut the pretest items from 10 to 5 on October 27, 2025.
What score do you need to pass the SIE?
A scaled score of 70 on a 0 to 100 scale. The scale is adjusted for small differences in difficulty between question sets, so it is not simply 70% correct.
How much does the SIE cost and how long is it valid?
The fee is $100. A pass is valid for four years from the day you pass, or from the end of a later registration with a firm.
How long do you wait to retake the SIE?
Until January 18, 2027: 30 days after a first or second failed attempt and 180 days after a third. From January 19, 2027 (FINRA Regulatory Notice 26-18): 15 days and 60 days.
Is Savvy SIE free?
You can start free, with no account: the diagnostic, the daily set, the first lesson of every module, shorter practice sets and one full timed 80-question exam. The Savvy SIE Pass ($9.99 one-time, 6 months of full access, no subscription) unlocks every lesson, unlimited full timed exams, readiness by section and the study plan. Your progress stays on your device.
Is Savvy SIE affiliated with FINRA?
No. SIE is administered by FINRA; Savvy SIE is not affiliated with or endorsed by FINRA.
Ready for your first question set?
Ten questions, a rationale for each, and a first look at where you stand in each section.