Terms of use
Last updated: November 3, 2026
These terms cover your purchase and use of Alpha Run, including the free version and Alpha Run: Full Access (Level I, 2027 curriculum) ("full access").
Who we are
Alpha Run is operated by 832 to 514 Technologies ("we", "us").
Email: [email protected] · Phone: 514-552-6732
Mailing address: 832 to 514 Technologies, PO Box 832, Station H, Montréal, QC H3G 2M8
What Alpha Run is
Alpha Run is an independent practice tool for candidates preparing for the CFA® Program Level I exam. It is study material only. It does not predict or promise any exam result, and it is not a substitute for the official curriculum.
Free version
The free version includes Mock 1 and a fixed set of practice questions. No account is needed.
Full access
- Full access is a one-time purchase made through Gumroad. Price: US$59 launch price (regular US$79); local pricing may vary by country. Gumroad acts as the seller of record and handles payment and sales tax. The price you pay at checkout is final; we never charge more for access you've already bought.
- Your license key gives access until December 31, 2027 (Eastern Time).
- A key may be activated on up to 3 devices or browsers. Clearing your browser's cookies on a device can count as a new activation. If you reach the limit, email [email protected] and we'll help.
- Your key is for your personal use. Don't share, resell or publish it, and don't copy, scrape or redistribute the questions.
We will only disable a key in these cases:
- it was posted publicly or resold;
- it is still being used on more than 3 devices after we've emailed you a warning;
- the questions were copied, scraped or redistributed in bulk.
Before we disable a key, we'll email you saying why and give you 7 days to reply. If your reply shows you did nothing wrong (for example, the key was stolen), we'll keep the key active or give you a new one. If we disable a key by mistake, or because of something you weren't responsible for, we'll refund the unused value: the full price within 7 days of purchase, otherwise a share in proportion to the time left.
- Refunds follow our refund policy. If a payment is refunded or reversed by your card issuer, access ends. If you've opened a dispute, please email us first; we'll try to fix the problem.
Your progress
Progress is stored in your browser on each device. It doesn't sync between devices, and clearing your browser data deletes it. We can't recover it.
Accuracy
Questions were made with the help of AI tools. Errors can still happen. Please report problems with the link under each question; we check every report and fix the question if it's wrong. If a question is wrong or something doesn't work as described, tell us and we'll fix it. If we can't fix it, you can ask for a refund.
Your rights and our responsibility
Alpha Run is a study tool. It can't promise any exam result, and your result depends on your own preparation and the exam itself.
You keep all the legal warranties and rights that consumer protection law gives you. In Québec, these include the Consumer Protection Act's warranties that what you buy can be used for its normal purpose and matches its description. We are responsible for our own acts and faults, and nothing in these terms limits that.
Trademarks
Alpha Run is not affiliated with or endorsed by CFA Institute. CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
Changes and contact
Changes to these terms. Full access is a one-time purchase. A change to these terms will never reduce the access you already paid for: its content, the end date (December 31, 2027, Eastern Time) or the 3-device limit. Nor will it add a charge.
If we need to make any other change that affects buyers, we'll email you at least 30 days before it takes effect. The email will say what is changing, give the new wording and the date it takes effect. If you don't accept the change, you can refuse it by emailing [email protected] before that date. We will then end your access and refund you: the full price if you're still within 7 days of purchase, otherwise a share in proportion to the time left on your access. Changes that only fix typos or add contact details don't need notice. The date at the top shows the latest version.
These terms are governed by the laws of Québec and the federal laws of Canada that apply there. This doesn't take away the protection of the consumer laws where you live, and you can bring a claim before the courts where you live. Questions: [email protected].