# SIE Exam Center vs Passmasters

The clearest difference is monetization model: Passmasters at free with in-app purchases against SIE Exam Center's subscription. Passmasters also leads on update cadence (every 6 weeks vs every 9 months). SIE Exam Center's advantage is ratings volume (613 vs 4) and iOS requirement (12.0 vs 15.0). On price, rating, review sentiment and ads there is nothing between them.

Both are free to download. SIE Exam Center sells 24 in-app purchases, starting at $9.99 per month and Passmasters sells 13 one-off in-app purchases. Whichever you choose, the download price is not the number that matters.

On the App Store both sit at effectively the same score — 4.8 for SIE Exam Center against 4.8 for Passmasters. That said, the two scores are not equally well evidenced: SIE Exam Center has 613 ratings behind it against 4, so its average is the more settled of the two. Written reviews are what separate them: 94% of SIE Exam Center's written reviews are positive against 100% of Passmasters's.

SIE Exam Center ships an update every 9 months, Passmasters every 6 weeks. The most recent releases landed on October 22, 2026 and October 24, 2026 respectively.

## The numbers

| Metric | SIE Exam Center | Passmasters |
| --- | --- | --- |
| Price | Free | Free |
| Rating | **[4.8 (613 ratings)](https://appshunter.io/ios/app/sie-exam-center-prep-and-study/id1378057473/reviews)** | [4.8 (4 ratings)](https://appshunter.io/ios/app/passmasters/id6736480670/reviews) |
| Number of ratings | **613** | 4 |
| Positive reviews | 94.1% of reviews | **100.0% of reviews** |
| In-app purchases | Yes | Yes |
| Ads | No | No |
| Update frequency | Every 9 months | **Every 6 weeks** |
| Monetization | Subscription | **Free with in-app purchases** |
| Size | 16 MB | 43 MB |
| Requires iOS | **12.0** | 15.0 |
| Devices | iPhone, iPad, iPod | iPhone, iPad, iPod |
| Age rating | 4+ | 4+ |
| Developer | [Tuli Education, inc](https://appshunter.io/developer/1144218554) | [Suzanne Schultze-Rhoades](https://appshunter.io/developer/1772115245) |

## What reviewers say

### SIE Exam Center

[App page](https://appshunter.io/ios/app/sie-exam-center-prep-and-study/id1378057473)

Prepare for your Securities Industry Essentials (SIE) exam with a comprehensive study tool. Access thousands of practice questions, detailed explanations, and simulated exams created by experienced FINRA instructors. Study offline and track your progress to ensure exam readiness.

**Highlights:** Thousands of practice questions, Detailed question explanations, Question I Got Wrong feature, Simulated final exams, Chapter-specific exams, Offline support, No ads

**Features:** macOS Compatibility

**In-app purchases (24)**

| Purchase | Price | Billing |
| --- | --- | --- |
| All Exams Subscription | $9.99 | per month |
| Equity Securities | $2.99 | one-time |
| Options #1 | $2.99 | one-time |
| SEC & FINRA Rules #1 | $2.99 | one-time |
| Debt Securities #1 | $2.99 | one-time |
| Securities Analysis | $2.99 | one-time |
| Margin | $2.99 | one-time |
| Municipal Securities & MSRB #1 | $2.99 | one-time |
| SEC & FINRA Rules #2 | $2.99 | one-time |
| SEC & FINRA Rules #3 | $2.99 | one-time |
| SEC & FINRA Rules #4 | $2.99 | one-time |
| Debt Securities #3 | $2.99 | one-time |
| Debt Securities #2 | $2.99 | one-time |
| Taxes and Retirement Plans #2 | $2.99 | one-time |
| Limited Partnerships | $2.99 | one-time |
| Securities Markets | $2.99 | one-time |
| Investment Banking | $2.99 | one-time |
| Taxes and Retirement Plans #1 | $2.99 | one-time |
| Options #2 | $2.99 | one-time |
| SIE Exam #1 | $4.99 | one-time |
| SIE Exam #2 | $4.99 | one-time |
| SIE Exam #3 | $4.99 | one-time |
| SIE Exam #4 | $4.99 | one-time |
| SIE Exam #5 | $4.99 | one-time |

**What reviewers like**

- 👍 Comprehensive question bank with 500+ unique questions
- 💰 Affordable pricing ($10)
- 📚 High-quality, challenging practice questions
- ✅ Detailed answer explanations
- 🎯 Effective exam preparation tool

**What reviewers complain about**

- ❌ Factually incorrect answers (open-ended funds)
- ⚠️ Questions misaligned with real exam content
- 📊 Limited number of full-length 75-question exams (only 5)
- 💬 Some answer explanations lack sufficient detail

**Reported bugs**

- Incorrect content regarding open-ended funds and share issuance
- Multiple questions containing inaccurate information

**Requested features**

- More full-length 75-question practice exams
- More detailed explanations for answers
- Clarification on whether free tests rotate/change


### Passmasters

[App page](https://appshunter.io/ios/app/passmasters/id6736480670)

Prepare for securities and insurance licensing exams with comprehensive courses. Features include study manuals, video lectures, topic quizzes, and final exams to build confidence for your career.

**Highlights:** PDF Study Manuals, Instructor-Led Video Lectures, Topic Review Quizzes, Section Review Exams, Final Exams, On-the-Go Audio Lessons

**Features:** macOS Compatibility, Vision Pro support

**In-app purchases (13)**

| Purchase | Price | Billing |
| --- | --- | --- |
| Test | $0.29 | one-time |
| Texas Personal Lines Law Renew | $4.69 | one-time |
| Texas Life & Health Law Renew | $4.69 | one-time |
| Texas Life Law Renew | $4.69 | one-time |
| SIE Renew | $57.90 | one-time |
| Series 65 Renew | $92.90 | one-time |
| Series 6 | $174.99 | one-time |
| Securities Industry Essentials | $174.99 | one-time |
| Texas Life Law | $199.99 | one-time |
| Texas Personal Lines Law | $200.00 | one-time |
| Texas Property & Casualty Law | $234.99 | one-time |
| Texas Life & Health Law | $234.99 | one-time |
| Series 65 | $264.99 | one-time |


## Frequently asked questions

### Is SIE Exam Center free?

SIE Exam Center is free to download, with in-app purchases available.

### Is Passmasters free?

Passmasters is free to download, with in-app purchases available.

### Which has better reviews, SIE Exam Center or Passmasters?

SIE Exam Center is rated higher. SIE Exam Center averages 4.8 out of 5 from 613 ratings, while Passmasters averages 4.8 from 4 ratings.

### Do SIE Exam Center or Passmasters have ads?

Neither SIE Exam Center nor Passmasters shows ads.

### Which is updated more often, SIE Exam Center or Passmasters?

SIE Exam Center ships an update every 9 months, and Passmasters every 6 weeks. Most recently, SIE Exam Center was updated on October 22, 2026 and Passmasters on October 24, 2026.

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*Compared by [AppsHunter](https://appshunter.io/) from daily US App Store data. Review summaries are generated from verbatim App Store reviews.*