Finance

CFA Level 1

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Certification

CFA Level 1

Chartered Financial Analyst Level 1 — foundational finance & ethics

20-question mock45 min42% pass markInternational

Single questions with instant feedback — no timer, learn as you go.

See official guidance ↓
Start here · Official guidance

From practice to the real exam

01
Confirm eligibility
Bachelor's degree (or final year), 4000+ hours of work experience, or combined 4000 hours of work + education.
02
Register with CFA Institute
One-time enrollment fee + exam fee. Total USD ~1450 for first sitting; lower for early registration.
03
Use the CFA curriculum
CFA Institute provides full digital curriculum, practice questions, mock exams, and Learning Ecosystem access.
04
Practise mock exams
At least 2 full mocks under timed conditions before the real sitting.
05
Sit Level 1
Computer-based at Prometric. Two 135-minute sessions, 180 questions total. Pass rate has averaged 35–45%.
Official resources
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Exam blueprint

What this exam covers

5 topics · drawn across your practice and mock
01Quantitative methods
24%12 questions
02Financial reporting & analysis
20%10 questions
03Ethics & professional standards
18%9 questions
04Economics
18%9 questions
05Equity & fixed income
16%8 questions
Your study path
Master this exam, topic by topic
Drill one topic at a time. After each session you'll see where you went wrong and can retake until you've got it.
Questions per session
View full mastery board →
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Frequently asked questions

Is the CFA Level 1 practice test free?

Yes. The core CFA Level 1 practice on AceMark is free to start — no credit card needed. Sign in (takes 10 seconds) if you'd like to track your progress, save attempts, and unlock the Mentor. Otherwise, browse and explore questions without an account.

How many questions are in the CFA Level 1 quiz?

Each CFA Level 1 attempt draws 20 questions and runs for about 135 minutes under realistic timed conditions.

Can I retake the CFA Level 1 test, and are the questions randomised?

Yes. Every attempt pulls a fresh, randomised set of questions, so you can't memorise your way through — you retake it until you genuinely know the material.

What score do I need to pass the CFA Level 1?

The pass mark used in this simulation is 42%. AceMark scores every attempt instantly and shows which topics to review.