Series 63 Exam Difficulty Report: What Practice Data Shows
This report measures aggregate practice performance against a checked-in bank of 1,052 Series 63 questions. It distinguishes answer records from distinct users and withholds rankings that do not meet both thresholds. Practice data through 2026-09-23; report generated 2026-10-02T13:22:54.942Z.
Individual answers, not people or exam attempts.
Counted only to describe sample breadth.
Wrong answers divided by analyzed answer records.
1 meet the public ranking threshold.
Hardest qualifying Series 63 sections
Each section needs 30+ answer records from at least 5 distinct users.
| Section | Miss rate | Answer records | Distinct users | Questions |
|---|---|---|---|---|
| Regulation of Investment Advisers | 30.6% | 673 | 6 | 241 |
| Regulation of Broker-Dealers & Agents | 25.1% | 513 | 6 | 224 |
| Regulation of Securities & Issuers | 24.8% | 476 | 6 | 221 |
| Remedies & Administrative Provisions | 21.3% | 520 | 6 | 223 |
Hardest qualifying topics
Only topic aggregates meeting both answer-record and distinct-user minimums appear.
Most-missed qualifying questions
Every ranked question has 10+ answer records from 5+ distinct users.
- 1. If an investment adviser organized as a partnership dissolves and forms a new LLC that will continue the advisory…36.4% missedRegistration Requirements for IAs — Successor Firms · 11 answer records · 5 distinct users · Authored medium
Authored difficulty versus observed performance
Methodology and limitations
Computed from aggregate Lucky the Banker practice-answer records joined to the checked-in Series 63 question bank. Answer records and distinct users are reported separately. Rankings require at least 10 answer records and 5 distinct users per question, or 30 answer records and the same user minimum per topic or section. Rows without a user ID, rows not matching the current question bank, and configured internal or QA accounts are excluded. No names, emails, user IDs, session histories, or per-user results are published. Small samples are withheld, not extrapolated.
This is LTB practice-platform data, not a representative sample of every candidate and not an official pass-rate study. A miss rate describes this dataset only; it does not predict an individual candidate’s exam outcome.