Comparison

CFA Level 1 Exam Prep Test 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 Level 1 Exam Prep Test

Features
Read full description

Your Path to CFA Level 1 Exam Success Ready to pass your CFA Level 1 Exam? Master the curriculum with up-to-date, high-yield practice questions, strategic methods, and cloud-synced prep. We back your success: Pass the exam or get a full refund—start your successful journey today! Ultimate CFA Level I QBank (Question Bank) Stop wasting time on general finance study. Our platform provides a massive library of exam-style practice questions covering every section of the current CFA Level I curriculum: Ethics & Professional Standards Quantitative Methods Financial Statement Analysis (FRA) Equity Investments Fixed Income Derivatives & Alternative Investments Economics, Corporate Issuers, and Portfolio Management Each practice question includes a detailed, analytical explanation written by Charterholders to ensure deep conceptual understanding, turning your weak points into strengths. Realistic Mock Test Simulator Familiarize yourself with the timing and pressure of test day. Our full-length CFA Level 1 Mock Tests are weighted to match the official exam blueprint. The built-in simulator offers a true-to-life experience, so you walk into the exam centre with total confidence. Performance Analytics & Cloud Sync Maximize your study efficiency with smart analytics. Track your performance across all topic areas, quickly identify gaps in your knowledge, and focus your efforts where they count most. All your progress, bookmarks, and notes are cloud-synced across all your devices, allowing you to seamlessly switch from phone to tablet and back. Secure Your Chartered Financial Analyst Future Our material is designed to get you the pass result you deserve. We guarantee it: Pass the CFA Exam or it’s free! Download the ultimate CFA Level 1 Prep tool and start preparing smarter, not harder. Pro Subscription Details: Full access of CFA Level 1 Exam Prep Test course during the subscription period. Payment is charged via iTunes at purchase confirmation. 1. Weekly : $0.99/Week 2. Yearly : $29.99/Yearly Auto-renewal applies unless turned off in iTunes Account Settings at least 24 hours before the current subscription period ends. Manage subscriptions and auto-renewal settings in your iTunes Account Settings. Privacy Policy: https://iappsstudio.vercel.app/privacy-policy.html EULA Terms: https://iappsstudio.vercel.app/terms-and-conditions.html

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 Level 1 Exam Prep Test4 screens
PrepLicense4 screens

Verdict

The call

The clearest difference is update cadence: PrepLicense at every 2 months against CFA Level 1 Exam Prep Test's every 4 months. On price, ads, in-app purchases and device support 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 Level 1 Exam Prep Test sells 3 in-app purchases, starting at $0.99 per 7 days 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 Level 1 Exam Prep Test ships an update every 4 months, PrepLicense every 2 months. The most recent releases landed on November 9, 2026 and October 31, 2026 respectively.

Scorecard1 real difference · 5 level
CFA Level 1 Exam Prep Test versus PrepLicense: the parameters behind the verdict, then further details
ParameterCFA Level 1 Exam Prep TestPrepLicense
PriceFreeFree
Update frequencyEvery 4 monthsEvery 2 months — better
AdsNoNo
In-app purchasesYesYes
DevicesiPhone, iPadiPhone, iPod
Requires iOS16.615.0 — better
Further details — not scored
Size21 MB43 MB
Age rating4+4+
DeveloperiAPPSSTUDIOChris Tang

In-app purchases

3 purchases

CFA Level 1 Exam Prep Test

Subscriptions2
  • Weekly Premium Access$0.997 Days
  • Yearly Premium Access$29.991 Year
One-time1
  • Lifetime Access$7.99
2 purchases

PrepLicense

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

Questions

Is CFA Level 1 Exam Prep Test free?
CFA Level 1 Exam Prep Test is free to download, with in-app purchases available.
Is PrepLicense free?
PrepLicense is free to download, with in-app purchases available.
Do CFA Level 1 Exam Prep Test or PrepLicense have ads?
Neither CFA Level 1 Exam Prep Test nor PrepLicense shows ads.
Which is updated more often, CFA Level 1 Exam Prep Test or PrepLicense?
CFA Level 1 Exam Prep Test ships an update every 4 months, and PrepLicense every 2 months. Most recently, CFA Level 1 Exam Prep Test was updated on November 9, 2026 and PrepLicense on October 31, 2026.

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