Series 7

Discussion in 'Professional Trading' started by Beast84, Jun 15, 2007.

  1. Beast84


    What is the Series 7?
    Many prop shops require it.
    How do I get it and how much does it cost?
  2. If you pass series 7, you end up paying somthing extra like $300 EVERY month for intraday datafeed and plateform charges, in case you decide to go retail and not to go prop firm, i could be wrong
  3. Surdo


    What a typical Elite answer!
  4. asap


    i thought it was a bmw.
  5. LOL. That's a 7-series not a series-7.
    Awesome car though.
  6. Beast84


  7. Beast84


    Still nobody replied as to what exactly the series 7 is?
  8. Hey Beast,

    A series 7 license basically allows individuals to SELL securities to retail customers. The test is about six hours and covers stocks, bonds, options, limited partnerships, and investment related products. You need to be sponsered by a member firm in order to take the test.

    In a nutshell, if you want to work for a firm that sells investment products/services to retail customers then you will need a series 7 license.

    Hope this helps!
  9. Beast84


    Thanks that does help
    #10     Jun 24, 2007