FRM Exam Study Guide vs CFA Level 1 Exam Test
Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.
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.
- 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
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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
CFA Level 1 Exam Test
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Pass CFA® Level I with AI on your side. CFA Level 1 Test is the smart, all-in-one way to prepare for the CFA Program Level I exam. Thousands of exam-style questions, full-length timed mock exams, and an AI tutor that explains every answer — so every mistake turns into learning. WHY CANDIDATES CHOOSE IT • Complete question bank — Thousands of exam-style questions across all 10 topics, at true Level I difficulty. • AI explanations — Miss a question and the AI explains why instantly: why the right answer is right and why the others are wrong, grounded in the Level I curriculum. • Realistic mock exams — Full 180-question exams in the real CFA format, weighted to the official topic areas, with unlimited attempts. • Review your mistakes — A smart mode that drills exactly what trips you up until you master it. • Detailed progress — Accuracy by topic, progress over time and a daily streak to keep your momentum. • Study anywhere — Practice by topic, build a custom test, or sit a full mock. On your time, exam-ready. ALL 10 LEVEL I TOPICS, COVERED Ethical & Professional Standards · Quantitative Methods · Economics · Financial Statement Analysis · Corporate Issuers · Equity Investments · Fixed Income · Derivatives · Alternative Investments · Portfolio Management. HOW IT WORKS 1. Download free — no card required. 2. Choose your test — by topic, custom, or a full 180-question mock. 3. Learn from the AI — understand every answer with the applicable concept. 4. Track your progress — follow accuracy by topic and your daily streak. START FREE Begin with free tests and upgrade to the Full Plan whenever you want to unlock the complete bank, unlimited mock exams and AI explanations. SUBSCRIPTION CFA Level 1 Test Full Plan is an auto-renewing subscription: • Monthly — $29.99/month • 3 Months — $49.99/3 months Prices are in USD or the equivalent in your local currency. Payment is charged to your Apple Account at confirmation of purchase. The subscription renews automatically unless auto-renew is turned off at least 24 hours before the end of the current period; your account is charged within 24 hours prior to renewal. Manage or cancel anytime in your App Store account settings. Terms & Conditions: https://clearlevelone.com/terms/ Privacy Policy: https://clearlevelone.com/privacy/ CFA Institute does not endorse, promote, or warrant the accuracy or quality of the products or services offered by CFA Level 1 Test. CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute. CFA Level 1 Test is an independent study aid and is not affiliated with, authorized by, or endorsed by CFA Institute. Content is for educational purposes only and does not guarantee any exam result. Payment will be charged to your Apple Account at confirmation of purchase. The subscription renews automatically unless it is canceled at least 24 hours before the end of the current period. Your account will be charged for renewal within 24 hours prior to the end of the current period. You can manage or cancel your subscription in your App Store account settings after purchase. By subscribing you agree to our Terms of Use (EULA) and Privacy Policy. Terms of Use (EULA): https://www.apple.com/legal/internet-services/itunes/dev/stdeula/ Privacy Policy: https://clearlevelone.com/privacy/
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Verdict
FRM Exam Study Guide and CFA Level 1 Exam Test are too close to call on the numbers: across 5 compared parameters — price, ads, in-app purchases and device support among them — neither pulls far enough ahead to decide it. What separates them is feature set and interface, not measurable difference.
Scored on Price · Rating · Positive reviews · Number of ratings · Update frequency · Ads · In-app purchases · Monetization · Best chart rank · Devices · Requires iOS
Both are free to download. FRM Exam Study Guide sells 2 in-app purchases, starting at $1.99 per month and CFA Level 1 Exam Test sells 4 in-app purchases, starting at $3.99 per month. Whichever you choose, the download price is not the number that matters.
| Parameter | FRM Exam Study Guide | CFA Level 1 Exam Test |
|---|---|---|
| Price | Free | Free |
| Rating | 5.0 (1 ratings) — better | — |
| Number of ratings | 1 — better | — |
| Update frequency | — | Monthly |
| Ads | No | No |
| In-app purchases | Yes | Yes |
| Monetization | Free with in-app purchases | — |
| Devices | iPhone, iPad | iPhone, iPad |
| Requires iOS | 17.0 — better | 18.6 |
| Further details — not scored | ||
| Size | 2 MB | 16 MB |
| Age rating | 4+ | 4+ |
| Developer | DMP ENTERPRISE LLC | Manuel Cruz Monreal |
In-app purchases
FRM Exam Study Guide
- FRM Premium (Monthly)$1.991 Month
- FRM Premium (Lifetime)$15.00
CFA Level 1 Exam Test
- Monthly Plan Discount$3.991 Month
- Monthly Plan$4.991 Month
- 3 Months Plan Discount$9.793 Months
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- 3 Months Plan$12.993 Months
Questions
Is FRM Exam Study Guide free?
Is CFA Level 1 Exam Test free?
Do FRM Exam Study Guide or CFA Level 1 Exam Test have ads?
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