Best Series 63 Exam Prep Courses

ExamFX is the best overall Series 63 Exam Prep Course

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The Series 63 exam, formally known as the Uniform Securities Agent State Law Examination, is a stepping stone on the path to a career in investment sales as a Series 6 or Series 7 registered representative. You can't legally purchase or sell securities products on another's behalf without a Series 63 license.

The 60-question, 75-minute exam covers information on state securities rules and regulations, as well as ethical practices and fiduciary obligations. Candidates don't have to be sponsored by a securities firm to sit for the exam, but many take the Series 63 in combination with the Series 6 or 7 exams, which do require sponsorship.

The exam may not be as difficult as the Series 6 or 7 exams, but a Wall Street Journal study found that 14% of candidates failed the exam on their first attempt. The mistake some candidates may make is to underestimate the Series 63 exam after having passed the Series 6 or Series 7 exams. Series 63 exam prep courses are designed to help students better absorb the minutiae of rules and regulations, which may confound some test takers.

We've reviewed the top 15 Series 63 exam prep course providers so you don't have to. We've narrowed down the list based on cost, question banks, study materials, and more. Here are our top choices.

Best Series 63 Exam Prep Courses of 2023

Best Overall : ExamFX


ExamFX

 ExamFX

Key Specs
  • Price: $69.95 to $193
  • Mobile app available: Yes
  • Money-back guarantee: Yes
Why We Chose It

ExamFX offers three reasonably priced, feature-stacked study packages backed by reliable instructor support and a money-back guarantee, making it our choice as the best overall Series 63 exam prep course.

Pros
  • Comprehensive offering of study packages to match learning styles

  • Reasonably priced, full-featured packages

  • Mobile "quick knowledge" app

  • Adaptive learning simulation exams

  • Money-back guarantee

Cons
  • Course access limited to 90 days

Overview

ExamFX has been on the cutting edge of providing feature-packed, tech-infused exam study courses since 1996. It's managed to combine its resource-rich study packages with exceptional instructor support and a money-back guarantee, all at a reasonable price, making it our choice for the best overall Series 63 exam prep course.

ExamFX's $69.95 Self-Study package offers an interactive learning portal along with a digital textbook, chapter quizzes, online exam simulations, readiness exams, and a Guarantee Exam. Students have access to an extensive question bank to create unlimited practice exams. Students are provided with real-time feedback on their testing Through ExamFX's proprietary adaptive learning technology to help guide their course of study.

The Video Study package may be the best value at $109.85. It includes everything from the Self-Study package and adds online flashcards and on-demand video lectures. The Live Online package adds live online training for students who could use the extra help for $153.

Students can email their questions to instructors who have access to students' learner profiles and practice exam results so they're ready to provide real-time advice. Students can also ask questions during the live online training if they have the Live Online package.

All students are given the opportunity to take the Guarantee Exam, which makes them eligible for a full refund if they fail the exam on their first attempt if they pass with an 80% or better score within three days of sitting for the exam. But most students won't need the refund with a pass rate of 99% after successfully completing the Guarantee Exam.

ExamFX also offers a mobile app that can be purchased separately for $6.99. It provides students with on-the-go access to practice exams with immediate scoring and answer rationales to pinpoint areas of needed improvement.

Best Comprehensive Offering : Securities Training Corporation


Securities Training Corporation

Securities Training Corporation 

Key Specs
  • Price: $85 to $175
  • Mobile app available: Only for iOS0
  • Money-back guarantee: Yes
Why We Chose It

Securities Training Corporation makes our list as the best comprehensive offering with a high-quality study package to meet every need and budget, unlimited access to an instructor hotline, and a money-back guarantee.

Pros
  • Track record going back to 1969

  • Course packages to match most learning styles

  • Money-back guarantee

  • Access to instructor support

  • Mobile app available (only for iOS0

Cons
  • Money-back guarantee not available with standard package

  • Top package is a little on the pricey end.

Overview

Securities Training Corporation was one of the first exam prep providers. It has harnessed years of experience in creating high-quality exam prep courses since 1969. Its three-tiered offering of Series 63 study packages is backed by instructor support and a money-back guarantee, and it's designed to meet the resource requirements of any learning style, making it our choice for the best comprehensive offering.

It starts with the $85 Standard package for more self-directed students. The package includes both offline and online textbook versions and a study calendar. STC's Crunch Time Facts is a study tool that helps students focus on the key concepts they have to know for the exam.

Students can choose from a databank of questions to create up to seven final exams that reflect the actual Series 63 exam.

The Premier package adds online flashcards and on-demand video lectures for students who need more guidance for $125. The package also includes six progress exams that pinpoint areas that need work.

The STC pass guarantee also kicks in at the Premier level. STC's $175 Premier Plus package adds live online instruction for students who can benefit from face time instruction.

All packages have a six-month enrollment period. They include instructor support access. The pass guarantee isn't available with the Standard package, but students can upgrade to the Premier package for $125. It includes the guarantee and on-demand lectures. 

STC publishes a pass rate of 95%, inclusive of all its securities exam courses.

Best Value for Basic Self-Study Package : Kaplan Financial Education


Kaplan Financial Education

 Kaplan Financial Education

Key Specs
  • Price: $59 to $129
  • Mobile app available: No
  • Money-back guarantee: No
Why We Chose It

All Kaplan Financial Education's study packages are stacked with industry-leading study tools, but its Basic Self-Study package has the essentials students need to pass the exam for just $59. This makes it our choice as the best value for a basic self-study package.

Pros
  • Feature-packed study options for any learning style or budget

  • Robust question bank and practice test application

  • Course access for five months with a five-month extension for $49

  • Free, real-time content updates

Cons
  • No money-back guarantee

  • Instructor support only available on premium package

  • No mobile app platform

Overview

Kaplan Financial Education has been stacking its exam prep courses with essential learning tools since 1970, making it a contender for the best overall exam prep course provider each year. You have to wonder how Kaplan manages to pack so much value in a $59 course when you look at its Series 63 Basic Self-Study package.

The Basic Self-Study package includes Kaplan's highly acclaimed License Exam Manual, a performance tracker, a study calendar, and the SecuritiesPro™ QBank that can feed an unlimited number of practice exam attempts.

The interactive QBank is updated regularly with hundreds of questions that allow students to create exams tailored to their study needs. The QBank enables students to review their performance on exams, track time spent on questions or an exam, and review in-depth rationales for each question while pointing them to resources to learn more about a topic. It does the same for building simulated exams that provide a comprehensive test review of all material.

The QBank is also available in the $99 Essential Self-Study package, which adds additional checkpoint exams and a video library. The Premium Instruction package is also a great value for $129. It adds class notes, InstructorLink™, and the option to choose either on-demand video or live online instruction. 

The three drawbacks that keep Kaplan out of the running for the best overall provider are its lack of a money-back guarantee and mobile app, as well as the lack of instructor support for the two self-study packages.

Kaplan does not publish a pass rate for its Series 63 exam.

Best Question Bank : Pass Perfect


Pass Perfect

Pass Perfect

Key Specs
  • Price: $99 to $179
  • Mobile app available: No
  • Money-back guarantee: Only with the Pass Promise package
Why We Chose It

Boasting three times more questions than its competitors, Pass Perfect's question bank can fuel unlimited practice exam attempts, making it our choice as the Series 63 exam prep course provider with the best question bank.

Pros
  • Extensive question bank for unlimited simulated practice exams

  • Live online review classes (only available for Pass Promise package)

  • Instructor support (not available for self-study package)

Cons
  • A little on the pricey end

  • Money-back guarantee only available with Pass Promise package

  • Live online review classes only available with Pass Promise package

Overview

Pass Perfect has prepared its students for securities exams through extensive simulated test practice since 1967. A cornerstone of its Series 63 study packages is an extensive question bank that can feed many unique, full-length practice exams, as well as an unlimited number of quizzes targeting each of the four main subject areas. All this makes it our choice as the provider with the best question bank.

Pass Perfect provides students with instant feedback from each simulated exam and updated guidance on where to direct their efforts. The packages also include a glossary to keep terms close by so you don't have to keep going back to the textbook. Each of Pass Perfect’s three study packages includes the question bank and an interactive dashboard, audio tutorials, and chapter intro videos.

The $99 starter Pass Plus package is a little pricier than other starter packages, but it does include tutorials and intro videos. Its Pass Plus Pro may be a better value at $139 because it includes digital flashcards, instructor support, and on-demand virtual review. The Pass Promise package is the only one that offers a money-backed guarantee. The Pass Promise package also provides live virtual review sessions, all for $179.

Pass Perfect doesn't publish a pass rate for its Series 63 exam, but the company publishes a 97%+ chance of passing exams after completing any of its offered programs.

Best Comprehensive Self-Study Package : Securities Institute of America


Securities Institute of America

 Securities Institute of America

Key Specs
  • Price: $55 to $149
  • Mobile app available: Yes
  • Money-back guarantee: Yes
Why We Chose It

No other exam prep course is as complete as the Securities Institute of America's offering for students who want to go the self-study route. It's our choice as the best comprehensive self-study package.

Pros
  • Extensive test bank with six-month access

  • Money-back guarantee

  • Big bang for the buck

  • All materials can be accessed on any mobile device.

  • Live chat and phone instructor support

Cons
  • No mobile app but online videos are accessible on mobile devices

Overview

Backed by John Wiley & Sons, one of the largest global financial information publishers, Securities Institute of America has been packing its study packages with quality materials since 1996. Its Series 63 self-study package has all the tools and resources students need to pass the exam, making it our choice as the provider with the most comprehensive self-study package.

The Series 63 Complete Self-Study package includes a 215-page textbook, a test bank with 800 questions, and four hours of online video instruction. The test bank is accessible for six months on any device, as is an e-book, providing mobile access to all course materials. This package offers a fairly big bang for the buck at $149. The money-back guarantee that's available on all study packages makes it an even more attractive package.

SIA offers an $87 package for students who don't need access to online video instruction or the e-book. It still includes six-month access to the test bank. Or you can purchase the exam prep software with the test bank for just $55.

Students who pass SIA's Greenlight guaranteed pass exams will receive a refund if they don't pass the exam on the first attempt. SIA has an average 90% pass rate on all of its securities exams.

Final Verdict

We recommend ExamFX overall because it's the most comprehensive offering out there and offers a range of prices so you can tailor your purchase to your needs. Its mobile app and money-back guarantee are also notable features that push ExamFX to the top of our list. The simulation exams offered are also highly beneficial.

Frequently Asked Questions

What Is the Series 63 Exam?

The Series 63 exam (Uniform Securities Agent State Law Exam) is a 75-minute, 60-question multiple-choice exam administered by FINRA to test a candidate's knowledge of regulations that investment advisor representatives must follow. It also covers their ethical practices and obligations. Roughly 45% of the exam questions center on regulations, about 10% focus on remedies and administrative provisions, 25% cover ethics and fiduciary obligations, and client communications make up 20%. You must correctly answer 43 out of 60 questions (about 72%) to pass the exam. You're notified of your results as soon as you complete the exam (pass or fail), along with a breakdown of your performance in each of the sections.

Is the Series 63 Exam Difficult?

The Series 63 exam may not be as challenging as the Series 6 or Series 7 exams. It's a shorter exam that covers a narrower range of information. But therein lies the problem. For many Series 6 and 7 test takers, the Series 63 exam does appear to be much less challenging, so they tend to underestimate it and spend less time studying for it.

The material covered in the Series 63 exam can be more challenging to learn because it deals with the boring minutiae of rules, regulations, and administration. The exam questions, many of which could be asked as double negatives, can trip you up if you don't fully understand the material.

An exam prep course is always a good investment if you want to ensure that you pass the exam on your first attempt.

What Is the Pass Rate of the Series 63 Exam?

FINRA doesn't publish the official pass rates for securities exams, but a Wall Street Journal study found that 14% of candidates failed the exam on the first attempt.  You're given three chances to pass the exam if you fail on your first attempt, but you must wait 30 days between attempts. You must wait 180 days to retake the exam if you fail on the third attempt. That likely spells the end of their careers in securities for most candidates, which makes an exam prep course a very good investment. 

How Much Does a Series 63 Exam Prep Course Cost?

Based on our review of Series 63 exam prep course providers, a study course can range from as low as $60 to as much as $180. The amount you'll pay depends in large part on your learning style and study preferences. You could probably get by with a $60 or $70 self-study package if you're a self starter who can stay laser focused on the materials. You may need a course with online or virtual instruction which can cost between $130 and $180 if you need more guidance or you're a more visual learner.

You don't have to be sponsored by a securities firm to sit for the Series 63 exam, but many candidates are sponsored for the Series 6 or 7 exams and the Series 63 exam. The sponsoring firm will typically cover or reimburse the cost of exam prep for both licenses in this case.

Methodology

We looked at 15 course providers and screened them based on such factors as track records, operating history, unique features, and cost. Then we narrowed the list to the providers who offered additional support and tutoring., looking through the students' eyes with their various needs, preferences, and budgets.

We considered whether the company had basic and comprehensive options to fulfill a variety of students' study styles. Finally, we considered the pass rate and any guarantee that each course offers to help build confidence in the study materials.

Young Person Sitting On Couch In Library studying for series 63 exam

Tom Werner / Getty Images

Article Sources
Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy.
  1. The Wall Street Journal. "Stockbrokers Who Fail Test Have Checkered Records."

  2. North American Securities Administrators Association. "Series 63 Test Specifications."

  3. Financial Industry Regulatory Authority. "Series 63 – Uniform Securities Agent State Law Exam."

  4. North American Securities Administrators Association. "Exam FAQs."