CFA® Program Level I · 2026 curriculum
A full 180-question mock, free. Timed like exam day, every answer explained, and a report that shows exactly which topics to fix. Extra mocks from USD 19, no subscription.
Free account with email or Google · No card needed · 14-day money-back guarantee on paid products
The same layout, timing and tools as the test centre, so exam day holds no surprises, plus the review tools that turn every mock into a study plan.
Two 135-minute sessions of 90 questions that end on the clock, exactly as in the test centre.
Sit both sessions back to back, or Session 1 today and Session 2 later in the week. Each is scored as you finish it.
Jump to any question, see what is answered, and review only your flagged questions before you end a session.
Highlight key figures in long questions and strike through options you have ruled out, as on exam day.
Each explanation shows the full working, why the right answer is right, and why each of the other two is wrong.
Your score in every topic against its exam weight, a grid of all 180 questions and the time you spent on each.
Drill a whole topic or single learning modules from the curriculum, with the answer and explanation straight away.
Scores over time, accuracy by topic, a list of your mistakes to redo, and how you compare with other candidates.
Every numerical answer and distractor is recomputed independently, and every question is reviewed before it goes live.
Try it now · no account needed
This is a real question from our Level I question bank. Pick an answer and check it: every explanation works through the solution and says why each wrong option is wrong.
Tanglewood Forest Trust owns 12,000 hectares of mature timberland. A cement producer offers to pay the trust annual fees for ten years in exchange for a promise not to harvest the trees, so that the producer can claim carbon offsets.
If the trust accepts, it most likely:
After each session you see your score, how you did in every topic against its exam weight, and a review of every question with a full explanation.
A mock is only useful if its answers are right. Every question goes through the same checks before anyone sees it. How we make questions.
Three options, one best answer, realistic distractors, and never a formula handed to you in the question.
Each numerical answer and each numerical distractor is calculated again, independently, before release.
A question appears only after approval, and a mock only when all 180 of its questions are approved.
Every question has a Report an error button, and questions that behave oddly in the statistics are checked again.
From a free account to a clear study plan, at your own pace.
Create a free account with email or Google and take the first 90 questions under exam timing.
Your score and topic report arrive the moment you finish, with an explanation for every question.
Right away or another day. Then see your full-mock score and how every topic went.
Redo your mistakes, drill weak learning modules in the question bank, then sit another mock.
Start free. One-off payments after that, no subscription.
In May 2026, 39% of 31,566 Level I candidates passed. Timed practice under exam conditions is one of the most effective ways to close the gap.
Percent of candidates who passed · latest window highlighted
| Exam window | Pass rate | Candidates |
|---|---|---|
| May 2026 | 39% | 31,566 |
| February 2026 | 45% | 24,006 |
| November 2025 | 43% | 26,752 |
| August 2025 | 43% | 26,192 |
| May 2025 | 45% | 24,227 |
| February 2025 | 45% | 19,848 |
Source: CFA Institute results press releases, February 2025 – May 2026. Long-term average as stated by CFA Institute. More on pass rates.
Questions are spread across the ten Level I topics in the same proportions as the real exam.
| Topic | Exam weight | Questions per mock |
|---|---|---|
| Ethical and Professional Standards | 15–20% | 30 |
| Quantitative Methods | 6–9% | 13 |
| Economics | 6–9% | 13 |
| Financial Statement Analysis | 11–14% | 22 |
| Corporate Issuers | 6–9% | 12 |
| Equity Investments | 11–14% | 22 |
| Fixed Income | 11–14% | 22 |
| Derivatives | 5–8% | 11 |
| Alternative Investments | 7–10% | 15 |
| Portfolio Management | 8–12% | 20 |
| Total | 180 |
Anything else? Email support@cheapmocks.com or see Contact.
No. Every question is original and written to match the style, difficulty and topic weights of the Level I exam. Real exam questions are confidential.
The 2026 Level I curriculum and topic weights, for candidates sitting the Level I exam in 2026. Mocks for the 2027 curriculum will follow.
Yes. Create a free account with your email or Google and you get a complete 180-question mock with a full score report. No card needed. Extra mocks and the question bank are paid.
Yes, between sessions. Each mock has two 135-minute sessions: finish Session 1, review your answers, and start Session 2 whenever you like, even another day. Within a session the clock keeps running, as it would in a test centre, and your answers save as you go.
2,500 practice questions so far, covering Ethical and Professional Standards, Quantitative Methods, Economics, Financial Statement Analysis, Corporate Issuers, Equity Investments, Fixed Income, Derivatives, Alternative Investments, Portfolio Management. Practise whole topics or single learning modules, with the answer and explanation straight away.
You get your percentage, a score for each topic and an indicative band. CFA Institute does not publish a pass mark, so treat the band as a guide rather than a prediction.
No subscription: you pay once. Paid products stay available for 12 months from the day you buy them.
Yes. There is a 14-day money-back guarantee; see the Refund Policy for the details. Payments are handled securely by Paddle.
We focus only on mock exams and practice questions, run a lean web platform and sell directly. You pay for the practice, not for a video course you may not need.
No one can. Mocks help you practise timing, find weak topics and build confidence, but the result depends on your preparation.
Sit it this week and you will know exactly which topics to fix before exam day. No card needed.