Guides on knowledge and appropriateness tests
Short guides for brokers, crypto platforms, digital banks and trading apps. Each one summarizes what the main rules ask about client knowledge and experience, with links to the official texts, and shows how a knowledge test can fit into your onboarding.
Unicorn Academy for Business: tests under your brand
Knowledge and appropriateness tests and financial education under your brand, in 16 languages, with audit log and API. Who uses it, how it works, prices.
Appropriateness test for options
MiFID II article 25(3), ESMA guidelines, FCA COBS 10A, FINRA Rule 2360 and Asian rules on assessing client knowledge before options trading, with sources.
MiFID II appropriateness assessment for CFDs and futures
How MiFID II article 25(3), Delegated Regulation 2017/565, the ESMA CFD measures, FCA PS19/18 and NFA Rule 2-30 treat client knowledge for CFDs and futures.
MiCA crypto knowledge test
What MiCA article 81, MiFID II, FCA PS23/6 and the SFC rules ask about client knowledge of crypto-assets, and how a crypto knowledge test fits into onboarding.
Knowledge test for leveraged products
What MiFID II, the ESMA CFD and binary options measures, FCA PS19/18, MAS and NFA rules ask about client knowledge before trading leveraged products.
Private markets and pre-IPO knowledge test
Unlisted shares under MiFID II, the ECSP entry knowledge test, ELTIF 2.0 and SEC Regulation Crowdfunding: what the rules ask about investor knowledge.
Forex knowledge test
How MiFID II, the ESMA CFD measures, FCA PS19/18, the CFTC retail forex rules, NFA and MAS treat client knowledge and leverage in retail forex trading.
Unicorn Academy for Business is a knowledge assessment tool that you use inside your own processes. It does not decide whether a product is appropriate for a client and it does not by itself ensure compliance with MiFID II, MiCA or any other rule. How you use the results, and the appropriateness or suitability assessment, remain your responsibility.
This page is general information, not legal advice. Rules change and apply differently by country, licence and client type: check the current official texts and the guidance of your regulator.