CFA Mock Exam — Free Level 1 Mock 1

CFA mock exam for Level 1: try one full timed Mock 1 free — instant score included. November 11–17 is the last 2026 window. Lifetime or monthly access unlocks four mock forms, topic breakdown, explanations, and analysis.

Practice a full timed session under computer-based testing conditions: 90 multiple-choice items, 2 hours 15 minutes (135 min), three answer choices (A, B, C). Topic allocation follows the 2026 Level 1 topic weights. Mock 1 always free (90 questions · score only) with a free account. Explanations, topic breakdown, four weighted mocks, post-mock analysis, and topic drills from a 360+ bank unlock with lifetime or monthly access.

Next Level 1 window: 11–17 November 2026 (Level 1 exam dates). Level 2 next: 18–22 November 2026 (Level 2 dates). Level 3 next: 18–21 February 2027 (Level 3 dates).

Level 2 item-set mocks are live at CFA Level 2 mock exams; Level 3 mocks at CFA Level 3 mock exams. Each level has its own free Mock 1; lifetime access is separate per level.

Session specifications

Items: 90 multiple-choice
Time allowed: 2 hours 15 minutes (135 min)
Choices per item: three (A, B, C) — no penalty for guessing
Topic weights: 2026 Level 1 outline
Delivery: computer-based (CBT), with flagging and a Section Review grid
Calculator: on-screen TI BA II Plus in every mock
Result: score free · topic breakdown and analysis with paid access

The real Level 1 exam is 180 items in two 135-minute sessions. Each of our mocks covers one full session block.

How to use this mock

Sit the session. Answer 90 items in 135 minutes. Navigate with Back / Next, flag items for review, open the on-screen BA II Plus, and open Section Review as needed.
Finish the section. Incomplete items are scored as incorrect — same rule as the computer-based exam.
Review the report. Study every miss. With lifetime access, use the weak-topic analysis and timing tells, then drill and sit another full mock before your appointment window.

Level 1 topics and weights

Ethical and Professional Standards — 15–20% · Session 1
Quantitative Methods — 6–9% · Session 1
Economics — 6–9% · Session 1
Financial Statement Analysis — 11–14% · Session 1
Corporate Issuers — 6–9% · Session 1
Equity Investments — 11–14% · Session 2
Fixed Income — 11–14% · Session 2
Derivatives — 5–8% · Session 2
Alternative Investments — 7–10% · Session 2
Portfolio Management — 8–12% · Session 2

Study resources

Free CFA Level 1 mock exam — full timed Mock 1, score only
Level 1 study guide — one lesson per 93 learning modules (2026)
Formula glossary — searchable Level 1 definitions and formulas
Study blog — pass rates, formulas, ethics, and study plans
Lifetime or monthly access — four full timed mocks, analysis, and topic drills

Popular guides

Frequently asked questions

Curriculum coverage

The 2026 CFA® Level 1 outline — ten topics, 93 learning modules. Session 1: Ethics, Quantitative Methods, Economics, Financial Statement Analysis, Corporate Issuers. Session 2: Equity, Fixed Income, Derivatives, Alternatives, Portfolio Management.

Pricing

Level 1: $99 lifetime or $19/month. Levels 2 and 3: $199 lifetime or $29/month each. Lifetime is a one-time payment; monthly plans auto-renew and can be cancelled anytime. Mock 1 always free (90 questions · score only) with a free account to start.

Refunds

7-day refund if you have not started any paid mock or topic drill. See the Terms of Use.

Target score

CFA Institute does not publish a passing score. Many candidates treat approximately 70% on mocks as a working target — not a guarantee.

Affiliation

CFA Mock Exam is independent practice software operated by Phi Digital LLC, a Wyoming limited liability company. It is not affiliated with, endorsed by, or sponsored by CFA Institute. CFA® and Chartered Financial Analyst® are trademarks of CFA Institute. About us · Contact