The entire CFA Level I question bank is free: 1,804 practice questions across all ten topics from ethics to derivatives, with detailed step-by-step solutions and per-choice notes. From FreeFellow, a CFA Institute Prep Provider where 'free' is in the brand name. Public samples need no signup. The full original question bank is free with an account, subject to usage limits.
1,804 questions10 topics105 lessons2026 syllabus
Built by Jeffrey Ting, FSA, CFA, who passed thirteen of the hardest finance exams on the first attempt. The full question bank and worked solutions are free forever.
Instant readiness score in about 6 minutes. No signup to start.
Sample Questions
Question 1
Easy
The tax base of an asset is best defined as:
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Correct Answer: A
Solution
A is correct. The tax base of an asset is the amount that will be deductible against taxable economic benefits generated by the asset in future periods, essentially the asset's value in the eyes of the tax authority. Comparing the carrying amount with the tax base identifies the temporary difference that gives rise to a deferred tax asset or liability.
Question 2
Medium
A bond's coupon rate is the:
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Correct Answer: B
Solution
B is correct.
The coupon rate is the stated annual interest rate expressed as a percentage of the bond's par (face) value. It determines the fixed periodic coupon payments.
Question 3
Hard
In a Cournot duopoly, each firm:
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Correct Answer: C
Solution
C is correct.
In the Cournot model, duopolists choose their output quantities simultaneously and independently, each taking the rival's quantity as given (the Cournot-Nash assumption). The equilibrium output lies between the competitive output and the monopoly output.
What CFA Level I candidates are saying
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Sushrut C.
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Free practice questions, worked solutions, and written lessons.
The full original question bank, written solutions, lessons, formula sheet, mixed practice, and readiness tracking for your CFA Level I prep are free forever. Full access requires a free account and is subject to usage limits. No trial period, no credit card. Become a Fellow ($79/qtr) only if you want mock exams, flashcards, analytics, and a personalized study plan.
What's Free, and What Fellow Unlocks
The original question bank, worked solutions, written lessons, mixed practice, and readiness score stay free forever. Full access requires a free account and is subject to usage limits. Fellow adds mock exams, flashcards, analytics, and a personalized study plan.
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Free forever
$0 · no credit card
1,804 practice questions with detailed solutions
105 full lessons
Mixed practice sessions across all topics
Formula sheet and reference materials
Readiness tracking based on practice history
No paywalls on original questions · no trial period · no credit card
✦
Fellow unlock
$39 / mo · $79 / qtr per track · $199 / yr as Fellow Plus
Timed mock exams with weighted scoring
Spaced-repetition flashcards backed by memory science
Topic-level practice to drill weak areas
Performance analytics by topic and difficulty
Personalized study plan that adapts to your exam date
Dates mark the start of each testing window. Projected dates follow CFA Institute's historical exam cadence for sittings the body has not yet published. Confirm dates directly with CFA Institute before registering.
Exam date
Status
Nov 11, 2026
Confirmed
Feb 22, 2027
Projected
May 11, 2027
Projected
Aug 17, 2027
Projected
Nov 10, 2027
Projected
Frequently Asked Questions
How many free CFA Level I practice questions does FreeFellow have?
FreeFellow currently offers 1804 free CFA Level I practice questions across 10 topics, each with a detailed step-by-step solution. Questions span three difficulty levels and are aligned to the 2026 syllabus. The question bank is updated regularly.
What CFA Level I topics are covered?
The questions cover 10 topics: Quantitative Methods, Economics, Corporate Issuers, Financial Statement Analysis, Equity Investments, and 5 more. Each topic page shows your progress and lets you filter by difficulty level. You can practice by topic to target your weak areas or take mixed-topic practice exams.
How many questions are on the CFA Level I exam, and how long is it?
The CFA Level I delivers 180 multiple-choice questions (CFA Institute). Testing time is 2 sessions of 135 minutes (4 hours 30 minutes total). FreeFellow's CFA Level I practice questions follow this format, and the free mixed practice draws from the full bank.
Does FreeFellow have CFA Level I study lessons?
Yes. FreeFellow includes 105 comprehensive text lessons for CFA Level I, covering key concepts and worked examples for each topic. Lessons are free to read with a free account (no card) and are designed to complement question practice.
Is FreeFellow really free for CFA Level I prep, or is there a catch?
The full original question bank is free with an account, subject to usage limits. Worked solutions, written lessons, mixed practice, and your readiness score stay free. The original question bank, worked solutions, written lessons, mixed practice, and readiness score stay free forever. Timed mock exams, spaced-repetition flashcards, AI grading on supported exams (5 attempts a day), performance analytics, and a personalized study plan. Practice and grading usage limits apply.
What does the $79 Fellow tier unlock for CFA Level I?
Fellow is $39 per month or $79 per quarter, per exam family (USD). Fellow Plus is $49 per month, $99 per quarter, or $199 per year, per exam family (USD). Every annual plan is Fellow Plus. Fellow adds timed mock exams with weighted scoring that match the real exam blueprint, spaced-repetition flashcards built on memory science from cognitive psychology, topic-level practice to drill weak areas, performance analytics broken down by topic and difficulty, and a personalized study plan that adapts to your exam date. Everything else (questions, solutions, lessons) stays free.
How does FreeFellow compare to Kaplan Schweser, Mark Meldrum, or Analystprep on price?
The full original question bank is free with an account, subject to usage limits. Worked solutions, written lessons, mixed practice, and your readiness score stay free. The original question bank, worked solutions, and written lessons stay free forever. Fellow is $39 per month or $79 per quarter, per exam family (USD). See https://freefellow.org/pricing for package prices and coverage.
How should I use FreeFellow to study for CFA Level I?
Start with the lessons to build your conceptual foundation, then move to topic-based practice to identify weak areas. As your exam date approaches, switch to timed practice exams under realistic conditions. If you want pacing tools (mock exams, analytics, a study plan) and long-term retention aids (spaced-repetition flashcards), become a Fellow.
What is the CFA Level I pass rate?
The CFA Level I pass rate is approximately 43% in recent sittings, based on CFA Institute data. CFA Institute publishes pass rates after each exam window. Note: CFA Institute does not endorse, promote, or warrant the accuracy of FreeFellow products.
What is FreeFellow's relationship with CFA Institute?
FreeFellow LLC is a CFA Institute Prep Provider. This means our materials are validated by CFA Institute for substantial curriculum coverage and are updated annually. However, CFA Institute does not endorse, promote, review, or warrant the accuracy or quality of our products and services.
What calculator is allowed on the CFA Level I exam?
CFA Institute permits only two calculator models: the Texas Instruments BA II Plus (including the Professional version) and the Hewlett Packard 12C (including the Platinum and Prestige editions). No other calculators are allowed.
How long should I study for CFA Level I?
CFA Institute reports that candidates spend an average of 300 hours preparing for each CFA exam level. Most successful candidates study for 4 to 6 months, dedicating 15 to 20 hours per week. Topic-specific practice combined with full-length mock exams is the most effective approach.
About FreeFellow
Jeffrey Ting
FSA, CFA · Founder
FreeFellow was built by Jeffrey Ting, a credentialed actuary and CFA charterholder who has passed thirteen of the hardest exams in finance, all on his first attempt. He paid four-figure prep fees along the way.
So he started writing his own questions, then lessons, then mock exams, until it grew into a full prep platform covering 40 exams with more than 45,000 original practice questions. FreeFellow LLC is a CFA Institute Prep Provider. Its CFA® exam materials are validated by CFA Institute for substantial curriculum coverage and updated annually.
01
Cost shouldn't decide who gets in.
A CFA charter, a CPA license, an actuarial credential. Each opens a real career, but prep fees add to the cost of getting there. FreeFellow keeps its original question bank and written lessons free so you can study even if a paid course is out of reach.
02
Free should mean free.
The original question bank, the worked solutions, the topic lessons, mixed practice, and your readiness score stay free, forever. Full access needs a free account, and practice usage limits apply. Fellow adds AI grading on supported exams, spaced-repetition flashcards, full-length mock exams, analytics, and a study plan that adapts to your progress.
All 1,804 CFA Level I questions, worked solutions, and lessons are free. The full original question bank is free with an account, subject to usage limits. Worked solutions, written lessons, mixed practice, and your readiness score stay free.
