# CFA Level 1 Exam Prep Test vs PrepLicense

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.

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.

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.

## The numbers

| Metric | CFA Level 1 Exam Prep Test | PrepLicense |
| --- | --- | --- |
| Price | Free | Free |
| In-app purchases | Yes | Yes |
| Ads | No | No |
| Update frequency | Every 4 months | **Every 2 months** |
| Size | 21 MB | 43 MB |
| Requires iOS | 16.6 | **15.0** |
| Devices | iPhone, iPad | iPhone, iPod |
| Age rating | 4+ | 4+ |
| Developer | [iAPPSSTUDIO](https://appshunter.io/developer/1830642259) | [Chris Tang](https://appshunter.io/developer/1892232824) |

## What reviewers say

### CFA Level 1 Exam Prep Test

[App page](https://appshunter.io/ios/app/cfa-level-1-exam-prep-test/id6756168177)

**Features:** macOS Compatibility, Vision Pro support

**In-app purchases (3)**

| Purchase | Price | Billing |
| --- | --- | --- |
| Weekly Premium Access | $0.99 | per 7 days |
| Yearly Premium Access | $29.99 | per year |
| Lifetime Access | $7.99 | one-time |


### PrepLicense

[App page](https://appshunter.io/ios/app/preplicense-cfa-exam-prep/id6780834707)

**Features:** macOS Compatibility, Vision Pro support

**In-app purchases (2)**

| Purchase | Price | Billing |
| --- | --- | --- |
| CFA Premium Monthly | $19.99 | per month |
| CFA Premium Yearly | $69.99 | per year |


## Frequently asked 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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*Compared by [AppsHunter](https://appshunter.io/) from daily US App Store data. Review summaries are generated from verbatim App Store reviews.*