CFA Level I — Free Online Mock Test
Two sessions × 90 Q = 180 total. On-screen BA II Plus calculator. · Official language: English.
Elite
Finance & Professional
180 questions
270 min
50 distinct variants
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CFA Level I exam at a glance
CFA Level I section breakdown
The CFA Level I mock test on Wrexa Edge replicates the real exam's section structure — same names, same question count per section, same time limits. No inter-section breaks — the timer runs continuously.
CFA Level I scoring & marking scheme
Strategy: CFA Level I has no negative marking. Attempt every question — blank answers cost you potential marks but cannot pull your score down.
Scale: CFA Level I (pass/fail).
How CFA Level I is conducted
Mode
Standard — practice without proctoring on Wrexa Edge, or enable optional webcam proctoring to simulate test-day conditions.
Test format
Linear / fixed-form — every candidate sees the same number of questions per section.
Backtracking
Allowed — you can revisit and change answers within a section.
Mark for review
Available — flag tough questions and return to them before submitting the section.
Tools available during the CFA Level I exam
Wrexa Edge renders these tools inside the mock test exactly as they appear on the real CFA Level I exam — same shortcuts, same behaviour.
CFA Level I time strategy
With 180 questions in 270 minutes, you have about 90 seconds per question on average. Successful candidates aim for the following pacing on each section:
Session 1 (90 Q)
Target ~90 sec/question. If a question takes more than 135 seconds, mark for review and move on.
Session 2 (90 Q)
Target ~90 sec/question. If a question takes more than 135 seconds, mark for review and move on.
Wrexa Edge's analytics show your actual time-per-question after every mock so you can spot which sections you're losing time on.
CFA Level I topics covered
Across the 50 Wrexa Edge variants of CFA Level I, the following topics appear most often (sample distribution from one variant):
Session 1 (90 Q)
- Ethics — Standards · 11
- Quant — Statistics · 5
- Econ — Microeconomics · 4
- FSA — Cash flow · 4
- FSA — Ratios · 4
- Quant — TVM · 3
- Econ — Macro · 3
- Econ — International · 3
Session 2 (90 Q)
- Ethics — Standards · 17
- Quant — Statistics · 4
- Derivatives — Options · 3
- Derivatives — Greeks · 3
- Quant — TVM · 3
- FAR — Governmental Accounting · 3
- Fixed Income — Term structure · 2
- Alts — Hedge funds · 2
Sample CFA Level I questions
A preview of real practice questions from the Wrexa Edge CFA Level I bank — the same style, phrasing and difficulty you'll face on test day. Full solutions unlock free inside the mock.
Session 1 (90 Q) · Ethics — Standards
Q1. Fair dealing (Standard III(B)) requires that members:
Why: Correct answer: D — Distribute recommendations fairly to all clients to whom they apply. Topic: Ethics — Standards.
Session 2 (90 Q) · Fixed Income — Credit
Q2. Credit spread is defined as:
Why: Correct answer: B — The yield differential between a corporate bond and a benchmark (Treasury) of the same maturity. Topic: Fixed Income — Credit.
Session 1 (90 Q) · Ethics — Standards
Q3. Suitability (Standard III(C)) requires investment advice to be:
Why: Correct answer: A — Aligned with the client's IPS — risk tolerance, return objectives, and constraints. Topic: Ethics — Standards.
Session 2 (90 Q) · Fixed Income — Risks
Q4. A bond's reinvestment risk is greatest when:
Why: Correct answer: C — The bond has high coupons and a long horizon (more cash to reinvest at lower rates). Topic: Fixed Income — Risks.
Session 1 (90 Q) · Ethics — GIPS
Q5. GIPS (Global Investment Performance Standards) compliance requires:
Why: Correct answer: B — Firm-wide application; an individual product cannot claim GIPS compliance. Topic: Ethics — GIPS.
Session 2 (90 Q) · Fixed Income — Zero coupon
Q6. A zero-coupon bond has:
Why: Correct answer: D — No reinvestment risk because there are no intermediate cash flows. Topic: Fixed Income — Zero coupon.
These are a handful of the 9000 unique CFA Level I questions across all 50 Wrexa Edge variants — start a free mock to attempt the full set with instant scoring.
CFA Level I difficulty calibration
Elite tier. Elite-tier: among the toughest exams in its category. Most successful candidates prepare for 6-12+ months.
Two sessions × 90 Q = 180 total. On-screen BA II Plus calculator. · Official language: English.
Verified content — Wrexa Edge's CFA Level I bank has been deeply curated with real exam-aligned content (estimated 100% syllabus coverage).
How Wrexa Edge prepares you for CFA Level I
Real test-day interface
Our sat skin mirrors the actual CFA Level I testing software — same timer, palette, tools, and navigation.
50 distinct variants
9000 unique practice questions, each variant a fresh test — not just shuffled options.
Detailed analytics
Scaled score, section accuracy, topic-wise heatmap, time-per-question — see where to focus after every attempt.
Spaced repetition (Notebook)
Wrong answers and flagged questions flow into an SM-2 spaced-repetition deck so you actually retain what you learn.
Optional proctoring
Browser-based face-api detection (no install) — turn it on to simulate a high-stakes environment.
Free to start
No credit card. Sign up, pick a variant, and your first CFA Level I mock starts in under a minute.
Frequently asked questions
- What is the CFA Level I exam pattern?
- CFA Level I contains 180 questions across 2 sections: Session 1 (90 Q), Session 2 (90 Q). Total duration is 270 minutes (about 90 seconds per question).
- Does CFA Level I have negative marking?
- No — CFA Level I has no negative marking. Each correct answer is worth 1 mark, so attempt every question.
- How is CFA Level I scored?
- Scaled score range: 0 to 100. CFA Level I (pass/fail).
- How can I practise CFA Level I online for free?
- Wrexa Edge offers free full-length CFA Level I mock tests with instant scoring, detailed explanations, and 50 distinct variants. Sign up for free at Wrexa Edge and start practising in under a minute — no card required.
- What is the difficulty level of CFA Level I?
- CFA Level I is rated Elite difficulty on Wrexa Edge. Elite-tier: among the toughest exams in its category. Most successful candidates prepare for 6-12+ months. Two sessions × 90 Q = 180 total. On-screen BA II Plus calculator. · Official language: English.
- How long is the CFA Level I exam?
- CFA Level I runs for 270 minutes total across 2 sections. On Wrexa Edge the timer is enforced exactly as on the real exam — including no inter-section breaks.
- What topics are covered in CFA Level I?
- CFA Level I is split into: Session 1 (90 Q), Session 2 (90 Q). Each section is timed and weighted separately. Two sessions × 90 Q = 180 total. On-screen BA II Plus calculator. · Official language: English.
- What tools or aids are allowed during CFA Level I?
- On-screen scientific calculator (matches the real exam interface).
- Is the CFA Level I test adaptive?
- No — CFA Level I is a fixed-form (linear) test. Every candidate sees the same number of questions per section.
- How many CFA Level I mock tests does Wrexa Edge offer?
- Wrexa Edge generates 50 distinct CFA Level I variants — each with different question content, not just shuffled options. That's 9000 unique practice questions you can attempt, all in the real test-day interface, free to start.
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