About the NFA Series 32 Exam

The test consists of 35 True/False and multiple-choice questions covering U.S. regulations and compliance. Please expect to spend approximately 1 hour at the Center as it will take time to sign in, go through the pre-test directions screens and answer any sample questions that you are given that affect neither your score nor count towards your test time. You will have 45 minutes to complete the actual test and required 35 questions.