It’s the time of the year again, the Chartered Financial Analyst (CFA) exams are a a few weeks away!
We know that practicing is one of the best ways to learn effectively for the CFA exams, with a good rule of thumb to aim to complete 5-7 sets of practice exams from a variety of providers before the big day, preferably under timed conditions.
The next question is, where can I get extra CFA practice questions, and which CFA question bank should I get?
Here are our favourites – and in our view – one of the best CFA mock exams list based on a balance of quality, affordability and variety, and where available we’ve highlighted available discounts, trials and freebies for our readers.
Oh, don’t forget that we offer free CFA practice exams for our CFA Level 1, 2 and 3 readers too!
Pick, choose, and good luck!
Kaplan Schweser has consistently delivered high quality and quantity of CFA practice questions for a long time. They’ve also shared their expertise with us by writing a free guide on how to self-grade CFA Level III essay questions.
Kaplan Schweser currently doesn’t have any deals on their practice papers, but you can sign up to receive free daily CFA practice questions in your inbox, for all 3 levels.
You can also get Kaplan Schweser’s online mock exams with their Exam Sim feature that mimics the CBT exam interface. It is priced at about $100 per online mock exam, and you can purchase from 2-6 practice exams. If you purchase the maximum 6 units, you’ll get a $100 off.
You can try out Kaplan Schweser’s core study tools for a week, which includes Question bank, eBook notes, videos and topic quizzes. It applies to all CFA Levels for 2023 curriculum, but only limited topics are available in the trial.
UWorld’s all-digital learning platform is highly focused on passing the CFA exams via practice questions.
They are offering full access to their Level 1 and 2 packages for 7 days, mainly focused on 2,000+ CFA exam practice questions accompanied with detailed explanations, calculator keystroke cards, and the ability to make flashcards and notes easily as you practice. It comes updated with CBT format too!
We had a test run of UWorld’s platform and really liked what we’ve seen so far, definitely worth checking them out!
Salt Solutions’ new CFA exam platform is now live, has great early feedback, and is now offering a free mock exam for each CFA candidate.
This mock exam is useful for extra practice. We particularly liked the short, succinct videos with high production value, accompanied with study notes, which provides flexibility on study mode. It has a custom quiz creator as well which is great for revision time.
Salt also has Level 2 and 3, so all CFA levels are available for a trial. You can check out a topic’s video lessons, and try out their custom quiz builder for CFA mock questions.
Prepatorial is another provider, offering mock exams for Level 1.
Although a small provider, the questions are written by experienced charterholders, accompanied with SurePass guarantee and currently available on a large discount – 60% the usual $49 pricing for a full set of printable AM and PM practice papers with answers (discount automatically applied).
No frills, high quality, good value for money – if you’re looking to diversify for Level 1 practice, Prepatorial’s is a good one to try.
While Finance Train is clearly a smaller provider compared to the others, they have long offered all 300 Hours readers 20% off their CFA products: L1 and L2 mock exams are just $20 and $32 respectively post discount.
This makes their material one of the best value-for-money options in the market. If you’re looking for extra practice, this is definitely an option!
Quite a lot of candidates every year don’t know that CFA Institute provides free practice materials for all registered candidates via their Learning Ecosystem.
Not only is it free, but it’s the closest thing to the actual exam that you can get, so you should definitely check it out and use it!
Plus if you need additional questions, CFA Institute now offer a really good value for money CFA Practice Pack for more mock exam practice.
Finally, we also offer free CFA practice questions for all levels. It features automatic grading, analysis and all detailed explanations are included.
Just select your CFA level below:
So how many practice papers are you aiming to cover this month? Which ones are your top choices for your level? Share your plans and strategies with us through the comments below!
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View Comments
Worth your time. (Only for dedicated CFA aspirants)
I really appreciate the hard work and effort put by the members of 300Hours. Personally, this information is detailed and easy to understand. 👏👏👏
Hi. L3 candidate here - curious as to why Mark Meldrum and IFT were left off this list?
Apart from Schweser , those 2 ( from reading Analystforum and Reddit and my personal experience) seem to be what a lot of candidates are using - yet not included ?
If the article is a form of paid-sponsorship it should be clearly denotes. If not, my bad and there's probably a just reason for it.
Hi Shannaboy, good luck for L3 by the way :) Thanks for writing in - a good question too, let us explain.
IFT is one of our newer partners, so it does take us a bit of time to review/ascertain quality before we add to our list here. A good way to test them is to try out our Free mock exams for all 3 levels, (44 MCQs for Level 3 here for you) where IFT's questions for the latest curriculum are used as samples.
This article is not a paid sponsorship (and we do state it if so), but rather a collection of solid practice question sources with a balance of quality, price and variety. We know Mark Meldrum of course, and he's a great teacher for many. What held us back from recommending it in our list currently is the price (you can't just purchase the mock exam, but pay for the whole course for mocks to be included), as well as his firm was recently acquired by a private equity firm so this is under review in case changes are implemented.
Hope this helps!
Hey Mark offers now the mocks as a separate product. Still not in the list, why? I'm very interested in his products but I would like to understand why still you wouldn't recommend it
Juan :D
Hi Juan! Oh that's news to us, we weren't aware that now a standalone mock product is available from Mark :) We will reach out to them for a quick review. Thanks for letting us know!
*clearly denoted
Hi, is there only 1 Mock Exam available in the CFA Learning Ecosystem? If so, do you recommend just doing that one twice and all the Schweser PRACTICE EXAMS or also purchasing Schweser MOCK EXAMS?
The focus is not so much the difference between 'practice' and 'mock' exams, I think for Schweser that's just a difference in format and packages. The key is to make sure you get enough practice.
We recommend for CFA Level 1 that candidates complete at least 5 full mock exams. Ideally get some variation in provider for your mocks as well.
More info on the ideal number of mock exams to complete before your exams here.
Is Learning Ecosystem's Study session question same as the book's EOCQ?
300Hours' content is useful - clear collection on all the available free stuff
Ahhhh Carmen, I wished this site existed when I was a candidate. Would have saved loads of time ;D
Glad you found it useful!
Have found 300hours so helpful. Hope i will clear my level one at first attempt