Free CISI Securities mock exam
Sit the whole Securities paper: 100 questions on the Version 25 syllabus, under a 120-minute clock. Free, no sign-up, with a weighted score, a nine-element breakdown and a written explanation for every answer.
What is on the CISI Securities mock exam?
One full Securities practice paper: 100 questions in 120 minutes, weighted across the nine syllabus elements exactly as the real paper is. Score 70 out of 100 to meet the 70% practice threshold, then review every answer one at a time.
- Questions
- 100 original practice questions
- Time
- 120 minutes
- Practice threshold
- 70%, which is 70 of 100
- Access
- Free, with no account or card
How the paper is weighted
Securities is the CISI paper with the most lopsided weighting, and knowing that before you revise is worth more than any study tip. This mock follows the Version 25 syllabus that took effect on 22 March 2026.
| Element | Questions |
|---|---|
| 1. The Financial Services Industry | 3 |
| 2. Asset Classes | 27 |
| 3. Markets | 2 |
| 4. Primary Markets | 14 |
| 5. Secondary Markets | 15 |
| 6. Corporate Actions | 7 |
| 7. Clearing & Settlement | 8 |
| 8. Accounting Analysis | 14 |
| 9. Investment Management | 10 |
| Total | 100 |
Asset Classes alone is 27 of the 100 marks, and Asset Classes, Secondary Markets, Primary Markets and Accounting Analysis together decide 70 of them. Markets is two questions and The Financial Services Industry is three. Candidates routinely spend equal time on all nine elements and then wonder where the marks went.
For the cleanest rehearsal, set aside the full 120 minutes, avoid notes and answer every question. There is no negative marking on the real paper, so a guess is always better than a blank. The mock hides feedback until submission and warns you before handing in a paper with blanks.
Full practice paper
75 questions. 90 minutes. No sign-up.
Sit the paper in one go if you can. Answers and explanations stay hidden until you submit, so the score is a more useful rehearsal than an instant-feedback quiz.
The timer starts when you press the button. Reloading or leaving the page ends this sitting.
Where the marks go on this paper
Accounting Analysis is the element that decides most Securities results. Fourteen marks sit in ratio analysis and reading a set of accounts, and it is the part of the syllabus furthest from the day job of most candidates, who work on a desk rather than in a finance function. People who ration their revision by comfort do this element last and run out of time.
Asset Classes is 27 marks and rewards precision rather than reading. The paper will ask you to separate a covered bond from an asset-backed security, or a depositary receipt from the underlying share, and it will offer you three plausible near-misses to choose from.
Corporate Actions and Clearing & Settlement are only fifteen marks between them but they are the ones most often answered by intuition. Mandatory, voluntary and mandatory-with-options are precise categories, and a rights issue calculation done from memory of the method rather than practice of it is a slow mark at best.
How to use your result
Treat 70% as a practice threshold, not a readiness promise. A stronger signal is a run of timed scores above the threshold with no element repeatedly falling behind. On this paper the element breakdown matters more than the total. A 68% built on a strong Asset Classes score and a collapse in Accounting Analysis is a very different position from a flat 68% across the board, and it needs a different week of revision.
Use the answer review to understand each miss, then revisit the relevant part of the Securities exam guide. To drill a single topic rather than sit a whole paper, start with the free Securities practice questions.
Looking for official material? Securities past papers: what actually exists explains what CISI actually publishes and how to combine it with question practice. For more full papers, see the £59 Pass Package.
Independent practice material: PasskeyPrep is not affiliated with, endorsed by or accredited by the Chartered Institute for Securities & Investment. These questions were written independently against the syllabus. They are not copied from a live CISI exam or official past paper.
Frequently asked questions
Is this CISI Securities mock exam really free?
Yes. All 100 questions are free to sit, with no account, email address or card. Submit the paper and you get your score, a breakdown across the nine elements and an explanation for every answer.
Does this mock use the current Securities syllabus?
It follows Version 25, effective 22 March 2026, in which Markets rose from one question to two and Investment Management fell from eleven to ten. The questions are original PasskeyPrep practice material, not the CISI examination platform or official exam questions.
Do I have to sit Securities as well as Derivatives?
No. The Capital Markets Programme is completed with UK Financial Regulation plus one technical unit, either Securities or Derivatives. You can sit both, but only one is required.
What score should I aim for?
The exam pass mark is 70%, so this mock marks 70 out of 100 as meeting the practice threshold. One result cannot predict or guarantee an exam result. Look for consistent scores across timed attempts and treat Accounting Analysis as the element most worth checking separately.
Turn the element breakdown into a study plan.
Unlock the full Securities question bank, more timed mocks, study notes, flashcards and weak-spot tracking as part of the £59 Pass Package.