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Security futures can be traded in a securities account or a futures account maintained by a securities broker or a futures commission merchant. The National Futures Association (NFA) and Financial Industry Regulatory Authority (FINRA), in conjunction with the Institute for Financial Markets (IFM) have developed a free, on-line broker proficiency training course for security futures. 

Completing this training program satisfies the NFA/FINRA requirement for registered securities and futures professionals to offer security futures to their customers.  The course has five modules:

  • Stocks and Stock Options
  • Futures Contracts
  • Security Futures Products
  • Regulatory Requirements for Security Futures
  • Supervision of the Sale and Offer of Security Futures

Professionals registered only with the NFA should access the training program through NFA's Security Futures Training, and individuals registered with FINRA or with dual-registration should access the program via FINRA’s Continuing Education for Security Futures Training.