Comparison

FRM Practice Test & Mock Exam vs FRM Exam Study Guide

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

Head to head
About

FRM Practice Test & Mock Exam

Prepare for the Financial Risk Manager (FRM) certification with a comprehensive mobile study tool. It offers over 800 exam-style questions, realistic mock exams, and detailed explanations to help you master risk management concepts for both Part I and Part II.

Highlights
  • 800+ exam-style practice questions
  • Realistic mock exams
  • In-depth explanations for every question
  • AI-powered performance analytics
  • Personalized study plans
  • Offline study mode
  • Daily question challenge
Features
Read full description

Master the Financial Risk Manager (FRM®) exam with confidence. FRM Practice Test is the ultimate mobile study companion for candidates preparing for the Financial Risk Manager certification issued by GARP®. Whether you're tackling Part I fundamentals or advancing to Part II, this app delivers everything you need to build expertise across quantitative analysis, market risk, credit risk, operational risk, and investment management — right from your iPhone or iPad. Designed by finance professionals and risk management educators, FRM Practice Test combines rigorous content with intelligent learning technology to help you study smarter, not harder. WHY CHOOSE FRM PRACTICE TEST? 800+ Exam-Style Practice Questions Comprehensive coverage of every FRM domain — Foundations of Risk Management, Quantitative Analysis, Financial Markets & Products, Valuation & Risk Models, Market Risk, Credit Risk, Operational Risk, Liquidity Risk, and Investment Management. Realistic Mock Exams Experience full-length, timed practice exams that closely simulate the actual FRM testing environment, difficulty level, and question distribution. In-Depth Explanations Every question includes a detailed solution with step-by-step reasoning, formulas, and conceptual insights — so you understand the "why" behind every answer. Smart Performance Analytics Track your progress with AI-powered dashboards that highlight strengths, pinpoint weaknesses, and measure exam readiness in real time. Personalized Study Plans Get adaptive study paths tailored to your pace, goals, and target exam date — whether you're preparing for FRM Part I or Part II. Cloud-Synced Question Bank Stay aligned with the latest GARP® curriculum. Our cloud updates deliver fresh questions and syllabus revisions automatically — no manual downloads needed. Offline Study Mode Download question sets and review anytime, anywhere — on your commute, during travel, or wherever learning takes you. No internet required. Daily Question Challenge Build consistency with a fresh "Question of the Day" feature that keeps your skills sharp and your momentum strong. Focused Topic Practice Drill deep into specific chapters — Value-at-Risk (VaR), derivatives pricing, fixed income, Basel frameworks, stress testing, and more. SMART LEARNING METHOD Our app uses a chunk-based learning framework grounded in cognitive science. By breaking complex topics into bite-sized, structured segments, you'll retain formulas faster, understand concepts deeper, and approach advanced quantitative material with clarity. It's the ideal method for handling demanding areas like VaR modeling, option pricing, portfolio risk, and operational loss distributions. WHO SHOULD USE THIS APP? FRM Part I and Part II candidates Finance and risk management professionals MBA and finance graduate students Banking, investment, and treasury analysts CFA charterholders expanding into risk management Anyone pursuing a career in financial risk Start your journey toward FRM certification today. Download FRM Practice Test and take your exam preparation to the next level.

About

FRM Exam Study Guide

Prepare for the Financial Risk Manager (FRM) exam with a comprehensive study tool. It covers both Part I and Part II of the exam blueprint, offering flashcards, practice questions, and games to reinforce learning. A preview is available for free, with premium access via subscription or a one-time purchase.

Highlights
  • Covers FRM Part I and Part II
  • 184 flashcards tagged by exam domain
  • 126 multiple-choice practice questions
  • 100 true/false questions
  • Key-term matching game
  • Searchable glossary and formulas
Features
Read full description

Prepare for the GARP Financial Risk Manager (FRM) exam with a focused, comprehensive study companion covering both Part I and Part II, aligned to the current GARP exam blueprint. FRM Exam Study Guide organizes everything into the ten exam topic areas across both parts, so you study exactly what the exam tests. FIVE WAYS TO STUDY - 184 flashcards - tap to flip, tagged by exam domain - 126 multiple-choice practice questions with instant feedback and fully worked solutions - 100 true/false questions targeting the misconceptions that cost exam points - Key-term matching game - race to pair every term with its definition, in rounds of five - 112 searchable glossary terms and 43 formulas with variables and usage notes TOPICS COVERED - PART I - Foundations of Risk Management: risk frameworks, ERM, CAPM, RAROC, governance, financial disasters - Quantitative Analysis: probability, distributions, regression, volatility, Monte Carlo, VaR basics - Financial Markets & Products: bonds, forwards, futures, swaps, options, derivatives, hedging - Valuation & Risk Models: duration, convexity, Black-Scholes, binomial trees, Greeks, VaR methods TOPICS COVERED - PART II - Market Risk Measurement & Management: VaR mapping, expected shortfall, backtesting, FRTB - Credit Risk Measurement & Management: PD/LGD/EAD, Merton/KMV, CVA, CDS, securitization - Operational Risk & Resilience: Basel approaches, RCSA, KRIs, model risk, cyber, Basel III - Liquidity & Treasury Risk: LCR, NSFR, FTP, stress testing, ALM, IRRBB - Risk Management & Investment Management: portfolio VaR, factor models, Sharpe/IR, hedge funds - Current Issues in Financial Markets: AI in risk, climate/ESG, SOFR, crypto, 2023 banking turmoil Start free with a preview of every section. Unlock Premium with a one-time lifetime purchase or a low monthly subscription - both include the entire question bank, glossary, and formula library. This app is an independent study aid and is not affiliated with, endorsed by, or sponsored by the Global Association of Risk Professionals (GARP). FRM and Financial Risk Manager are registered trademarks of GARP. Always verify current exam content at garp.org. SUBSCRIPTION & TERMS Premium unlocks every flashcard, practice question, glossary entry, and reference section. Two options: - Premium Monthly: $1.99 per month, auto-renewing subscription - Premium Lifetime: $15.00 one-time purchase, not a subscription Payment is charged to your Apple Account at confirmation of purchase. A monthly subscription renews automatically unless auto-renew is turned off at least 24 hours before the end of the current period; your account is charged for renewal within 24 hours before the current period ends. You can manage or cancel your subscription in your Apple Account settings after purchase. Terms of Use (EULA): https://www.apple.com/legal/internet-services/itunes/dev/stdeula/ Privacy Policy: https://www.dmpenterprisellc.com/privacy-policy

Screenshots

FRM Practice Test & Mock Exam4 screens
FRM Exam Study Guide4 screens

Verdict

The call

The clearest difference is monetization model: FRM Practice Test & Mock Exam at free against FRM Exam Study Guide's free with in-app purchases. On price, rating, ratings volume and ads 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. FRM Practice Test & Mock Exam sells 1 one-off in-app purchase and FRM Exam Study Guide sells 2 in-app purchases, starting at $1.99 per month. Whichever you choose, the download price is not the number that matters.

ReceptionRating · Positive reviews · Number of ratings

On the App Store both sit at effectively the same score — 5.0 for FRM Practice Test & Mock Exam against 5.0 for FRM Exam Study Guide. Both are backed by a comparable volume of ratings — 1 and 1 respectively.

Scorecard1 real difference · 8 level
FRM Practice Test & Mock Exam versus FRM Exam Study Guide: the parameters behind the verdict, then further details
ParameterFRM Practice Test & Mock ExamFRM Exam Study Guide
PriceFreeFree
Rating5.0 (1 ratings)5.0 (1 ratings)
Number of ratings11
Update frequencyEvery 4 months—
AdsNoNo
In-app purchasesYesYes
MonetizationFree — betterFree with in-app purchases
DevicesiPhone, iPadiPhone, iPad
Requires iOS16.6 — better17.0
Further details — not scored
Size21 MB2 MB
Age rating4+4+
DeveloperiAPPSSTUDIODMP ENTERPRISE LLC

In-app purchases

1 purchases

FRM Practice Test & Mock Exam

One-time1
  • Get Lifetime Access$7.99
2 purchases

FRM Exam Study Guide

Subscriptions1
  • FRM Premium (Monthly)$1.991 Month
One-time1
  • FRM Premium (Lifetime)$15.00

Questions

Is FRM Practice Test & Mock Exam free?
FRM Practice Test & Mock Exam is free to download, with in-app purchases available.
Is FRM Exam Study Guide free?
FRM Exam Study Guide is free to download, with in-app purchases available.
Which has better reviews, FRM Practice Test & Mock Exam or FRM Exam Study Guide?
FRM Practice Test & Mock Exam and FRM Exam Study Guide are both rated 5.0 out of 5 on the App Store, from 1 and 1 ratings respectively.
Do FRM Practice Test & Mock Exam or FRM Exam Study Guide have ads?
Neither FRM Practice Test & Mock Exam nor FRM Exam Study Guide shows ads.

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