FRM Practice App — Free to Download

Practice FRM Part I and Part II questions anywhere, free to download.

FRM practice is included in the Allen CFA/FRM Exam Prep app.

Both Parts Covered

Switch between Part I and Part II practice depending on where you are in your prep.

Rationale for Every Question

Understand the "why" behind every answer, not just whether you got it right.

Study Anywhere

Free to download on iOS and Android, with a 7-day free trial on every subscription plan.

Understanding the FRM Exam

The FRM (Financial Risk Manager) exam is a two-part credential administered by GARP, the Global Association of Risk Professionals. Part I covers the foundational tools of risk management — quantitative analysis, financial markets and products, and valuation and risk models. Part II applies those tools to market risk, credit risk, operational risk, liquidity and treasury risk, and investment risk management.

The Allen app gives you unlimited FRM practice questions for both parts, each with a detailed rationale, so you can study on your phone between classes, on your commute, or anywhere else you have a few minutes.

Why mobile practice works for FRM prep. A lot of FRM study time gets lost to re-reading the same dense material. Short, focused question sessions on your phone force active recall instead, which is generally more effective for retaining risk-management formulas and frameworks than passive review.

Is there an FRM app for iOS and Android?

Yes — FRM practice questions are available inside the Allen CFA/FRM Exam Prep app, free to download on the App Store and Google Play.

How many parts does the FRM exam have?

The FRM exam has two parts — Part I and Part II — both administered by GARP.

Does the app track my progress across devices?

Your practice history and adaptive tracking follow your account, so studying on your phone and on a computer both count toward the same performance profile.