Every repmoves theline.
Level I practice for the CFA® Program exam, 2027 curriculum. 16,543 questions including 20 full mocks, and a 17-week plan that starts on the date you pick. Built by a finance professional who wanted a better way to drill.
No signup for the free version. Mock 1 and 500 practice questions run in your browser.
Try one.
An investment earned 0.40% over a monthly period. Its annualized return, assuming the return can be repeated, is closest to:
A. That's the return for the period, not annualized.
B. Multiplying by the number of periods ignores compounding.
C is right. Correct. (1 + 0.40%)^12 − 1 = 4.91%.
Remember. Annualized return = (1 + period return)^(periods per year) − 1.
Mock 1 (90 × 2 = 180 questions) and 500 practice questions. No signup, no card. It runs in your browser.
| Topic | Exam weight | Practice questions |
|---|---|---|
| Ethical and Professional Standards | 10–15% | 450 |
| Quantitative Methods | 11–14% | 2,570 |
| Economics | 6–9% | 905 |
| Financial Statement Analysis | 11–14% | 1,888 |
| Corporate Finance | 6–9% | 1,245 |
| Equities | 11–14% | 1,277 |
| Fixed Income | 11–14% | 1,628 |
| Derivatives and Risk Management | 6–9% | 1,225 |
| Alternative Investments | 6–9% | 885 |
| Portfolio Construction | 8–12% | 870 |
| Practice total | 12,943 | |
| Mocks, 20 × 180 | 3,600 |
topics.
One score.
Readiness is an estimate from first attempts, never a promise of a result.
Six ways
to run.
Daily run
Weighted to your weak topics, with misses due for review mixed in. Your first run is a 20-question diagnostic.
12 questionsPractice by topic
Drill any of the 10 topics. Mastery and first-attempt accuracy tracked for each.
8 per drillTimed sprint
Exam pace under a clock. Every choice comes with an explanation.
10 q · 15:00Full mocks
20 mocks, two sessions each, split by topic like the real exam. Feedback only after you submit.
2 × 90 · 135 minSpaced review
Misses come back on a schedule. The error log keeps the last 14 days.
14-day logThe plan
A week-by-week plan from the start date you pick, for the 2027 Level I exams. Log hours, drill the week's topics.
17 wk · 19 h
weeks.
One plan.
From the start date you pick to exam week, 19 hours a week.
70%: our own target, not an official pass mark
Clear the line
on a full mock.
The dashed line sits at 70%. It's our own target, not an official pass mark. CFA Institute doesn't publish one. Score 70%+ on a full mock and you earn the Over the Line badge.
Readiness is an estimate from your first attempts on questions you haven't seen, weighted by the 2027 topic weights. It is a practice signal, not a prediction.
- 01Internyou start here
- 02Analyst300 XP
- 03Senior Analyst1,000 XP
- 04Associate2,500 XP
- 05Senior Associate5,000 XP
- 06Vice President9,000 XP
- 07Director15,000 XP
- 08Managing Director23,000 XP
- 09Partner32,000 XP
- 10Chief Investment Officer42,000 XP
Built by a
finance pro,
not a prep company.
- 6.1
How the questions were made
Questions were made with the help of AI tools. If you find an error, report it and we'll check it and fix it if it's wrong. Every question has a "Report a problem" link.
None of the questions come from CFA Institute. Calculation questions are generated and checked in code, so numbers change between variants.
- 6.2
Found an error?
Use "Report a problem" under the question. It opens an email with the question ID filled in.
- 6.3
No promises
No practice tool can predict an exam result, and this one doesn't try. Use it alongside the official curriculum and CFA Institute's own practice material.
- 6.4
Your progress
Progress is saved in your browser on each device. It doesn't sync between devices.
One price.
No subscription.
- Mock 1, both sessions (180 questions)
- 500 practice questions across all 10 topics
- Progress saved in your browser
US$59 launch price (regular US$79)
- All 12,943 practice questions and all 20 mocks
- Access until December 31, 2027
- Use it on up to 3 devices
- 7-day full refund
One-time payment. Local pricing may vary by country.
Checkout is handled by Gumroad, which emails you a license key. Enter it on the activation page.
FAQ
7.1Is the free version really free?
Yes. Mock 1 and 500 practice questions, no signup and no card. Your progress stays in your browser.
7.2Does Alpha Run predict or promise an exam result?
No. No practice tool can, and we don't claim to. Alpha Run gives you a lot of realistic practice and shows your weak topics. Use it alongside the official curriculum and CFA Institute's own practice material.
7.3Where do the questions come from? Was AI used?
Yes. Questions were made with the help of AI tools. Calculation questions come from templates whose answers and wrong choices are computed in code. No CFA Institute questions are used. If you find an error, report it and we'll check it and fix it if it's wrong.
7.4How does access work?
After checkout, Gumroad emails you a license key. Enter it on the activation page on each device you use, up to 3 devices. Access lasts until December 31, 2027. The limit is 3 devices per key.
7.5Does my progress sync between devices?
No. Progress is saved in the browser on each device, so it doesn't carry over between devices or browsers.
7.6I reached the device limit. What now?
Email [email protected] and we'll reset your devices.
7.7I found a mistake in a question.
Use "Report a problem" under the question. It opens an email with the question id filled in. We check every report and fix the question if it's wrong.
7.8What's the refund policy?
Full refund within 7 days of purchase. Email [email protected].
Refund policy
If Alpha Run isn't for you, email [email protected] within 7 days of purchase for a full refund. Access ends when the refund goes through. Full refund policy.