Practice real CFA-style questions right in your browser — no download required. Level I, II, and III, with a rationale for every answer.
Every question is mapped to CFA Institute's current Learning Outcome Statements — no outdated content, no wasted study hours.
Every question comes with in-depth, plain-English rationale so complex formulas and LOS finally click.
Our engine flags exactly where you're losing points, so every session closes a real gap instead of reviewing what you already know.
The CFA exam is a series of three notoriously difficult exams — Level I, Level II, and Level III — administered by CFA Institute to test candidates on core investment principles, including Ethics, Quantitative Methods, Financial Statement Analysis, Fixed Income, Derivatives, and Portfolio Management. Each level covers a dense, technical curriculum, which is why most candidates spend months preparing before they ever sit for the exam.
Allen CFA Exam Prep's computer-based TestBank mirrors the format and difficulty of the real exam, with detailed rationale for every question so you understand the reasoning behind each answer — not just whether you got it right.
Who should use this TestBank? Candidates preparing for Level I, II, or III — whether you're working through the curriculum for the first time or doing focused review before exam day. It's built for people studying around a full-time job, who need practice time to count and don't have hours to spend on questions that don't map to what's actually tested.
How to prepare effectively. Most candidates find that working through realistic practice questions, and reading the rationale even for questions they got right, does more for retention than re-reading curriculum text alone. Focus your remaining time on the topic areas where your practice results show the most missed questions, rather than reviewing everything equally.
The CFA exam has three levels — Level I, Level II, and Level III — which must be passed in order to earn your CFA charter.
The CFA exam covers 10 core topic areas, including Ethical and Professional Standards, Quantitative Methods, Economics, Financial Statement Analysis, Corporate Issuers, Equity Investments, Fixed Income, Derivatives, Alternative Investments, and Portfolio Management.
No — this computer-based TestBank runs directly in your browser. A free mobile app is also available if you'd rather study on your phone.
The CFA exam is administered by CFA Institute, the global association that awards the Chartered Financial Analyst credential.
Levels must be taken in order — I, then II, then III — and each level must be passed before registering for the next one.