Comparison

CFA Test Prep vs PrepLicense

Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.

Head to head
About

CFA Test Prep

Prepare for the CFA Exam with a personalized study plan. Practice over 550 questions, track your progress, and compare your scores to the community average. Boost your confidence for first-time success.

Highlights
  • Personalized study plan
  • 550+ practice questions
  • Topic selection
  • Strength and weakness tracking
  • Detailed test statistics
  • Community score comparison
Features
Read full description

Pass your 2026 CFA Exam with flying colors! Boost your confidence in passing the first time with our mobile app and a personal study plan based on your current skill and requirements. The CFA Program is a three-part exam that tests the fundamentals of investment tools, valuing assets, portfolio management, and wealth planning. The CFA Program is typically completed by those with backgrounds in finance, accounting, economics, or business. Key features: - Choose from different topics - Practice with 550+ questions - Track your strengths and weaknesses within Stats section of the app - Study detailed statistics of every test you take - Compare your score to the community average for almost any type of exam ————— Purchases, subscriptions and terms You need to buy a lifetime access or subscribe to get access to all features, courses and questions. The cost of the purchase is charged to your iTunes account. Subscriptions are auto-renewable and are billed at the rate and period selected depending on the subscription plan. Users’ accounts are charged for auto-renewal within 24 hours prior to the end of the current period. Subscriptions can be managed and auto-renewal can be turned off in Account Settings in iTunes after the purchase. Any unused portion of a free trial period, if offered, will be forfeited when the user purchases a subscription to that publication, where applicable. Terms of use: https://mastrapi.com/terms Privacy policy: https://mastrapi.com/policy

About

PrepLicense

Features
Read full description

PrepLicense: CFA® Exam Prep — A focused study app for the CFA® Level I exam. Built for working candidates preparing for the Chartered Financial Analyst Program. WHAT'S INSIDE 1,440 practice and mock questions across all 10 Level I topics, weighted to the published outline: • Ethical and Professional Standards • Quantitative Methods • Economics • Financial Statement Analysis • Corporate Issuers • Equity Investments • Fixed Income • Derivatives • Alternative Investments • Portfolio Management DIFFERENT FROM OTHER CFA® PREP APPS • Every answer key cross-checked by independent LLM blind audit, and every calculation recomputed from scratch — the most common complaint about competing apps is wrong answer keys. We fix that as a baseline. • 100% original questions written in our own words from public sources and the published Learning Outcome Statements (LOS). Not scraped from the official item bank or end-of-reading questions. • LOS-anchored explanations on every question; math items show the formula, substitution, and derivation. HOW IT WORKS • Practice mode — drill any subset of questions, see the explanation immediately. • Mock exam — a full 180-question timed sitting (270 min), weighted to the published topic outline. The minimum passing score is set by CFA Institute and is not public; the app uses a 70% benchmark, noted in-app. • Performance analytics — weak-topic radar, mastery tracking, missed-question review. • Bookmarks + flags — mark hard questions for spaced re-review. • Works offline after first download. PRICING $19.99 monthly | $69.99 yearly. DISCLAIMER Independent study aid. CFA Institute does not endorse, promote, or warrant the accuracy or quality of this product. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. Terms of Use: https://preplicense.com/us/cfa/terms/ Privacy Policy: https://preplicense.com/us/cfa/privacy/

Screenshots

CFA Test Prep4 screens
PrepLicense4 screens

Verdict

The call

The clearest difference is iOS requirement: CFA Test Prep at 13.0 against PrepLicense's 15.0. On price, update cadence, ads and in-app purchases there is nothing between them.

Scored on Price · Rating · Positive reviews · Number of ratings · Update frequency · Ads · In-app purchases · Monetization · Best chart rank · Devices · Requires iOS

CostPrice · In-app purchases · Ads · Monetization

Both are free to download. CFA Test Prep sells 2 in-app purchases, starting at $24.99 per month and PrepLicense sells 2 in-app purchases, starting at $19.99 per month. Whichever you choose, the download price is not the number that matters.

UpkeepUpdate frequency

CFA Test Prep ships an update every 4 months, PrepLicense every 2 months. The most recent releases landed on October 7, 2026 and October 1, 2026 respectively.

Scorecard1 real difference · 9 level
CFA Test Prep versus PrepLicense: the parameters behind the verdict, then further details
ParameterCFA Test PrepPrepLicense
PriceFreeFree
Rating4.7 (31 ratings) — better—
Positive reviews0.0% of reviews—
Number of ratings31 — better—
Update frequencyEvery 4 monthsEvery 2 months — better
AdsNoNo
In-app purchasesYesYes
MonetizationFree with in-app purchases—
DevicesiPhone, iPodiPhone, iPod
Requires iOS13.0 — better15.0
Further details — not scored
Size35 MB43 MB
Age rating4+4+
DeveloperMastrAPIChris Tang

In-app purchases

2 purchases

CFA Test Prep

Subscriptions1
  • Monthly7 Days trial$24.991 Month
One-time1
  • Lifetime$99.99
2 purchases

PrepLicense

Subscriptions2
  • CFA Premium Monthly$19.991 Month
  • CFA Premium Yearly$69.991 Year

Questions

Is CFA Test Prep free?
CFA Test Prep is free to download, with in-app purchases available.
Is PrepLicense free?
PrepLicense is free to download, with in-app purchases available.
Do CFA Test Prep or PrepLicense have ads?
Neither CFA Test Prep nor PrepLicense shows ads.
Which is updated more often, CFA Test Prep or PrepLicense?
CFA Test Prep ships an update every 4 months, and PrepLicense every 2 months. Most recently, CFA Test Prep was updated on October 7, 2026 and PrepLicense on October 1, 2026.

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