CFE (Certified Fraud Examiner (ACFE)) — Free Online Mock Test
4 sections × 100 Q × 120 min each (post-Jun-2-2026 format): Financial Transactions, Law, Investigation, Fraud Prevention. 400 MCQ total · pass 75% per section. · Official language: English.
Advanced
Global
Finance & Professional
360 questions
440 min
50 distinct variants
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CFE section breakdown
The CFE 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.
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Financial Transactions & Fraud Schemes (90 Q)
90 questions · 110 minutes · ~73 sec/question
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Law (90 Q)
90 questions · 110 minutes · ~73 sec/question
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Investigation (90 Q)
90 questions · 110 minutes · ~73 sec/question
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Fraud Prevention & Deterrence (90 Q)
90 questions · 110 minutes · ~73 sec/question
CFE scoring & marking scheme
100–1000
Scaled score range
Strategy: CFE has no negative marking. Attempt every question — blank answers cost you potential marks but cannot pull your score down.
Scale: CFE (pass 75% per section).
How CFE is conducted
Mode
Proctored — Wrexa Edge mirrors this with a webcam-based proctoring flow (face detection, room scan, fullscreen lock, tab-switch detection).
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.
CFE time strategy
With 360 questions in 440 minutes, you have about 73 seconds per question on average. Successful candidates aim for the following pacing on each section:
Financial Transactions & Fraud Schemes (90 Q)
Target ~73 sec/question. If a question takes more than 110 seconds, mark for review and move on.
Law (90 Q)
Target ~73 sec/question. If a question takes more than 110 seconds, mark for review and move on.
Investigation (90 Q)
Target ~73 sec/question. If a question takes more than 110 seconds, mark for review and move on.
Fraud Prevention & Deterrence (90 Q)
Target ~73 sec/question. If a question takes more than 110 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.
CFE topics covered
Across the 50 Wrexa Edge variants of CFE, the following topics appear most often (sample distribution from one variant):
Financial Transactions & Fraud Schemes (90 Q)
- Ethics — Standards · 17
- Quant — Statistics · 5
- Econ — Microeconomics · 4
- Quant — TVM · 3
- Quant — Returns · 2
- Quant — Regression · 2
- CFA II — OAS · 1
- CFA II — Swaps · 1
Law (90 Q)
- Ethics — Standards · 17
- Quant — Statistics · 5
- Econ — Microeconomics · 4
- FSA — Cash flow · 4
- FSA — Ratios · 4
- Quant — TVM · 3
- Econ — Macro · 3
- Econ — International · 3
Investigation (90 Q)
- Quant — Statistics · 5
- Econ — Microeconomics · 4
- FSA — Cash flow · 4
- FSA — Ratios · 4
- Equity — Valuation · 4
- Econ — Macro · 3
- Econ — International · 3
- FSA — Inventory · 3
Fraud Prevention & Deterrence (90 Q)
- FSA — Ratios · 4
- Equity — Valuation · 4
- AUD — Reporting · 4
- Corporate — Capital structure · 3
- Equity — CAPM · 3
- Derivatives — Options · 3
- Derivatives — Greeks · 3
- AUD — Risk Assessment · 3
Sample CFE questions
A preview of real practice questions from the Wrexa Edge CFE bank — the same style, phrasing and difficulty you'll face on test day. Full solutions unlock free inside the mock.
Financial Transactions & Fraud Schemes (90 Q) · CFA II — OAS
Q1. Option-Adjusted Spread (OAS) is:
Why: Correct answer: D — The spread over Treasury after removing the value of embedded options — comparable across callable/putable bonds. Topic: CFA II — OAS.
Law (90 Q) · CFP — 401(k)
Q2. In a 401(k) plan, the 2024 employee elective deferral limit (under 50) is:
Why: Correct answer: C — $23,000 — with a $7,500 catch-up for participants age 50+. Topic: CFP — 401(k).
Investigation (90 Q) · Quant — TVM
Q3. Continuous compounding of an APR r gives EAR of:
Why: Correct answer: B — e^r − 1. Topic: Quant — TVM.
Fraud Prevention & Deterrence (90 Q) · FSA — Ratios
Q4. Gross profit margin =
Why: Correct answer: A — (Revenue − COGS) / Revenue. Topic: FSA — Ratios.
Financial Transactions & Fraud Schemes (90 Q) · CFA II — Swaps
Q5. In an interest rate swap, the fixed-rate payer:
Why: Correct answer: A — Receives floating (e.g., SOFR) and pays a fixed rate set at inception. Topic: CFA II — Swaps.
Law (90 Q) · CFP — Roth IRA
Q6. A Roth IRA differs from a Traditional IRA in that:
Why: Correct answer: D — Contributions are after-tax (no deduction); qualified withdrawals (including earnings) are tax-free. Topic: CFP — Roth IRA.
These are a handful of the 18000 unique CFE questions across all 50 Wrexa Edge variants — start a free mock to attempt the full set with instant scoring.
CFE difficulty calibration
Advanced tier. Advanced-level: high-stakes exam with rigorous content depth. Expect 4-8 months of structured prep.
4 sections × 100 Q × 120 min each (post-Jun-2-2026 format): Financial Transactions, Law, Investigation, Fraud Prevention. 400 MCQ total · pass 75% per section. · Official language: English.
Verified content — Wrexa Edge's CFE bank has been deeply curated with real exam-aligned content (estimated 100% syllabus coverage).
How Wrexa Edge prepares you for CFE
Real test-day interface
Our cert skin mirrors the actual CFE testing software — same timer, palette, tools, and navigation.
50 distinct variants
18000 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 real CFE test-day conditions.
Free to start
No credit card. Sign up, pick a variant, and your first CFE mock starts in under a minute.
CFE study plan
A phase-by-phase roadmap from your first concept to test-ready. Stretch or compress each phase to fit the time you have before your attempt.
1
Phase 1 — Learn the syllabus
Weeks 1–4
- Work through every section — Financial Transactions & Fraud Schemes (90 Q), Law (90 Q), Investigation (90 Q), Fraud Prevention & Deterrence (90 Q) — from your core study material
- Make short notes and a formula/fact sheet you can revise quickly
- Attempt topic questions right after finishing each area
2
Phase 2 — Practice & sectionals
Weeks 5–8
- Solve previous-year and practice questions section by section
- Time yourself on Financial Transactions & Fraud Schemes (90 Q) and your weakest areas
- Keep an error log and revisit every mistake weekly
3
Phase 3 — Full-length mocks
Weeks 9–12
- Take full-length CFE mocks in the real test interface
- Analyse accuracy, time per question and silly mistakes after each mock
- Revise from notes and re-attempt only weak-topic questions
Where CFE can take you
A strong CFE result opens up these careers and higher-study paths:
Banking & financial services
Roles across retail and corporate banking, insurance and non-banking financial companies.
Accounting, audit & analysis
Positions in audit, taxation, financial analysis and advisory at firms and corporates.
Professional designation path
A stepping stone toward advanced qualifications and senior finance and consulting roles.
Frequently asked questions
- What is the CFE exam pattern?
- Certified Fraud Examiner (ACFE) contains 360 questions across 4 sections: Financial Transactions & Fraud Schemes (90 Q), Law (90 Q), Investigation (90 Q), Fraud Prevention & Deterrence (90 Q). Total duration is 440 minutes (about 73 seconds per question).
- Does CFE have negative marking?
- No — CFE has no negative marking. Each correct answer is worth 1 mark, so attempt every question.
- How is CFE scored?
- Scaled score range: 100 to 1000. CFE (pass 75% per section).
- How can I practise CFE online for free?
- Wrexa Edge gives you 10 free full-length CFE mock tests — with instant scoring, detailed explanations and analytics — plus 40 more with Pro. Start practising in under a minute, no card required.
- What is the difficulty level of CFE?
- CFE is rated Advanced difficulty on Wrexa Edge. Advanced-level: high-stakes exam with rigorous content depth. Expect 4-8 months of structured prep. 4 sections × 100 Q × 120 min each (post-Jun-2-2026 format): Financial Transactions, Law, Investigation, Fraud Prevention. 400 MCQ total · pass 75% per section. · Official language: English.
- How long is the CFE exam?
- CFE runs for 440 minutes total across 4 sections. On Wrexa Edge the timer is enforced exactly as on the real exam — including no inter-section breaks.
- What topics are covered in CFE?
- CFE is split into: Financial Transactions & Fraud Schemes (90 Q), Law (90 Q), Investigation (90 Q), Fraud Prevention & Deterrence (90 Q). Each section is timed and weighted separately. 4 sections × 100 Q × 120 min each (post-Jun-2-2026 format): Financial Transactions, Law, Investigation, Fraud Prevention. 400 MCQ total · pass 75% per section. · Official language: English.
- What tools or aids are allowed during CFE?
- No special tools are required. Note: real exam is proctored — Wrexa Edge mirrors this with a webcam-based proctoring flow you can enable.
- Is the CFE test adaptive?
- No — CFE is a fixed-form (linear) test. Every candidate sees the same number of questions per section.
- How many CFE mock tests does Wrexa Edge offer?
- Wrexa Edge generates 50 distinct CFE variants — each with different question content, not just shuffled options — the first 10 free for everyone and 40 more with Pro. That's 18000 unique practice questions in the real test-day interface.
- Is there a free CFE test series 2026?
- Yes. The Wrexa Edge CFE test series for 2026 gives you 10 free full-length mock tests (50 in total) plus subject-wise and topic-wise tests — instant scoring and detailed analysis, no card required.
- Are CFE previous year question–style papers included?
- Every CFE mock is modelled on the official exam pattern and the style of previous years' papers — the same 360-question structure, sections and marking — so your practice mirrors the real paper you'll sit.
- Which is the best free CFE mock test online?
- Wrexa Edge's CFE mock test replicates the real exam interface, timing and marking scheme, with instant score, section-wise analysis and 50 fresh variants — a strong free choice for 2026 preparation.
- Can I take the CFE mock test on mobile?
- Yes. CFE mock tests run in any browser on mobile, tablet or desktop — no app or download needed. Start on your phone and your progress and analytics sync when you sign in.
- What is the CFE syllabus?
- The CFE syllabus maps to its 4 sections: Financial Transactions & Fraud Schemes (90 Q), Law (90 Q), Investigation (90 Q), Fraud Prevention & Deterrence (90 Q). Wrexa Edge's mock tests cover the complete syllabus topic by topic — see the topics-covered breakdown above — so you practise every area at real exam difficulty.
- What is the eligibility for CFE?
- Eligibility for CFE — age, qualification and number of attempts — is set by the official conducting body and can change each cycle, so always confirm the current official notification before applying. Wrexa Edge focuses on realistic CFE practice: 10 free full-length mocks in the exact exam pattern, ready whenever you are.
- When is the CFE exam and how should I prepare?
- Official CFE exam dates are announced by the conducting body for each cycle — check the latest notification for the current schedule. To be ready, follow a phased study plan and take full-length timed mocks; Wrexa Edge gives you 10 free CFE mocks with instant scoring so you can track your readiness week by week.
Ready to ace CFE?
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