SigmaPrep

CFA® · FRM® · CMT® · November 2026 to December 2027

CFA®, FRM® and CMT® mocks, built like the real paper.

Timed, full-length mock exams for eight exams: CFA Level I, II and III, FRM Part I and II, and CMT Level I, II and III. Every question has a worked explanation, and on every multiple-choice answer you mark how sure you were, so your review shows the mistakes a score hides.

CFA®from $49
FRM®from $49
CMT®from $49
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  • Free sample paper for most exams
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CFA Level II · Economics00:00

Priya Nair is pricing a one-year USD/INR forward. Spot is 84.00 INR per USD. The one-year interest rate is 6.5% in India and 4.5% in the US, both annually compounded.

The one-year forward rate (INR per USD) is closest to:

How sure?

The exams

Pick your exam

CFA®

Level I, II and III. Level III covers all three pathways: Portfolio Management, Private Wealth and Private Markets.

CFA® Level I5 full-length mocks180 questions a mock, in two sessions of 135 minutes, written to the 2027 curriculum.For the November 2026, February 2027, May 2027 or August 2027 exam.
from $49See the pass
CFA® Level II5 full-length mocks22 item sets (88 questions) a mock, in two sessions of 132 minutes.For the November 2026, May 2027 or August 2027 exam.
from $59See the pass
CFA® Level III5 full-length mocksIn each of the three pathways: item sets plus typed essay answers, with the guideline answer to check them against.For the February 2027 or August 2027 exam.
from $49See the pass

FRM®

Part I and Part II, for the November 2026 exams.

FRM® Part I5 full-length mocks100 questions a mock, in two halves of two hours, written to the 2026 learning objectives.For the November 2026 exam.
from $49See the pass
FRM® Part II5 full-length mocks80 questions a mock, in two halves of two hours, written to the 2026 learning objectives.For the November 2026 exam.
from $59See the pass

CMT®

Level I, II and III, for the December 2026, June 2027 and December 2027 exams.

CMT® Level I5 full-length mocks132 questions a mock, in two halves of an hour, written to the 2026 Program Guide.For the December 2026, June 2027 or December 2027 exam.
from $49See the pass
CMT® Level II5 full-length mocks170 questions a mock, in two halves of two hours, written to the 2026 Program Guide.For the December 2026, June 2027 or December 2027 exam.
from $59See the pass
CMT® Level III5 full-length mocks12 case groups a mock, with charts, answered in writing, with each item's marking scheme to check them against.For the December 2026, June 2027 or December 2027 exam.
from $79See the pass

Every question in every mock has a worked explanation, and every exam has its own flashcards. The question bank covers every exam except CMT Level III.

What you get

Everything a mock should tell you

Built like the real paperEvery mock follows its own exam: two sessions of eleven item sets at CFA Level II, 100 questions at FRM Part I, twelve case groups at CMT Level III, each timed for its exam.
Confidence, not just correctnessMark how sure you are on every multiple-choice answer. Your review separates lucky guesses from the things you were certain about and got wrong.
A bank that stays freshBank sessions never serve a question or vignette you have already met, so practice never quietly turns into recall. Every exam has a bank except CMT Level III.
Every answer is workedA worked explanation for every question, and for written answers the guideline answer and the marking scheme, so a wrong answer teaches you something.
Cards that come back before you forgetFlashcards for every exam, one card per concept. Rate a card and it returns sooner if you struggled, later if you did not.
Timed the way it countsThe clock runs the way it runs on the day. Pause the bank, never the mock.
Scored by topic, and by paceA mock is a diagnosis, not a number. See which topics fail under time, which is where the next week of study should go.

How it works

  1. Sit a paper under the clock.Two timed sessions, shaped like your exam: 90 questions each at CFA Level I, eleven item sets each at Level II, 50 questions each at FRM Part I, six case groups each at CMT Level III. Mark your confidence as you go.
  2. Read the diagnosis, not the score.Where you were confidently wrong. Which topics failed under time. Which distractors caught you. Written answers come back with the marking scheme and the guideline answer next to yours.
  3. Drill the gap in the bank.Bank sessions target what the mock exposed, by topic and difficulty, and never serve a question or vignette you have already met.
Get the mocks · from $49Or try the free sample paper

Pricing

One pass per exam, with everything for that exam in it, priced for the sitting you are taking rather than per month. Pick the exam you are sitting and the pass runs until the end of the month after it, so a later exam is a longer pass and costs a little more.

7-day money-back guarantee on every pass: not for you? Ask within 7 days of paying and we refund the full amount, no questions asked. How refunds work

CFA® passes

Level I, II and III. Level III covers all three pathways: Portfolio Management, Private Wealth and Private Markets.

CFA® Level I

February 2027 Level I exam pass

$54
for the February 2027 CFA Level I exam · access until 31 March 2027
  • Five full-length mocks, and every new one released before your exam
  • Confidence marking on every answer
  • Worked solutions, including why each wrong answer is attractive
  • Practice by subject and difficulty, with no daily limit
  • Every Level I flashcard, with no daily limit
  • Topic-level breakdown of where the marks went
Get the February 2027 Level I passOr try the free sample paper

Pay by card. Your pass switches on as soon as the payment goes through, with a 7-day money-back guarantee. Questions first? .

CFA® Level II

May 2027 Level II exam pass

$69
for the May 2027 CFA Level II exam · access until 30 June 2027
  • Five full-length mocks, and every new one released before your exam
  • Confidence marking on every answer
  • Worked solutions, including why each wrong answer is attractive
  • Unlimited bank practice, with no vignette you have already met
  • Every Level II flashcard, with no daily limit
  • Your confidently-wrong report, across every attempt
  • Topic-level breakdown of where the marks went
Get the May 2027 Level II passOr try the free sample paper

Pay by card. Your pass switches on as soon as the payment goes through, with a 7-day money-back guarantee. Questions first? .

CFA® Level III

February 2027 Level III exam pass

$49
for the February 2027 CFA Level III exam · access until 31 March 2027
  • Five full-length mocks in each of the three pathways, and every new one released before your exam
  • Item sets and essay sets in two timed sessions, as on the day
  • Typed essay answers, with the guideline answer and marking scheme to check them against after you submit
  • A worked explanation for every question, and the guideline answer for every essay
  • Item-set practice by topic in the question bank
  • Every Level III flashcard, with no daily limit
Get the February 2027 Level III passOr start with a free account

Pay by card. Your pass switches on as soon as the payment goes through, with a 7-day money-back guarantee. Questions first? .

FRM® passes

Part I and Part II, for the November 2026 exams.

FRM® Part I

November 2026 FRM Part I exam pass

$49
for the November 2026 FRM Part I exam · access until 31 December 2026
  • Five full-length mocks, and every new one released before your exam
  • 100 questions a mock, in two timed halves
  • Confidence marking on every answer
  • A worked explanation for every question
  • Unlimited practice by topic in the question bank
  • Every FRM Part I flashcard, with no daily limit
  • Topic-level breakdown of where the marks went
Get the November 2026 FRM Part I passOr try the free sample paper

Pay by card. Your pass switches on as soon as the payment goes through, with a 7-day money-back guarantee. Questions first? .

FRM® Part II

November 2026 FRM Part II exam pass

$59
for the November 2026 FRM Part II exam · access until 31 December 2026
  • Five full-length mocks, and every new one released before your exam
  • 80 questions a mock, in two timed halves
  • Confidence marking on every answer
  • A worked explanation for every question
  • Unlimited practice by topic in the question bank
  • Every FRM Part II flashcard, with no daily limit
  • Topic-level breakdown of where the marks went
Get the November 2026 FRM Part II passOr try the free sample paper

Pay by card. Your pass switches on as soon as the payment goes through, with a 7-day money-back guarantee. Questions first? .

Sitting both parts in November 2026? Part I and Part II together: $99 instead of $108. Get both passes

CMT® passes

Level I, II and III, for the December 2026, June 2027 and December 2027 exams.

CMT® Level I

December 2026 CMT Level I exam pass

$49
for the December 2026 CMT Level I exam · access until 31 January 2027
  • Five full-length mocks, and every new one released before your exam
  • 132 questions a mock, in two timed halves
  • Confidence marking on every answer
  • A worked explanation for every question
  • Unlimited practice by topic in the question bank
  • Every CMT Level I flashcard, with no daily limit
  • Topic-level breakdown of where the marks went
Get the December 2026 CMT Level I passOr try the free sample paper

Pay by card. Your pass switches on as soon as the payment goes through, with a 7-day money-back guarantee. Questions first? .

CMT® Level II

December 2026 CMT Level II exam pass

$59
for the December 2026 CMT Level II exam · access until 31 January 2027
  • Five full-length mocks, and every new one released before your exam
  • 170 questions a mock, in two timed halves
  • Confidence marking on every answer
  • A worked explanation for every question
  • Unlimited practice by topic in the question bank
  • Every CMT Level II flashcard, with no daily limit
  • Topic-level breakdown of where the marks went
Get the December 2026 CMT Level II passOr try the free sample paper

Pay by card. Your pass switches on as soon as the payment goes through, with a 7-day money-back guarantee. Questions first? .

CMT® Level III

December 2026 CMT Level III exam pass

$79
for the December 2026 CMT Level III exam · access until 31 January 2027
  • Five full-length mocks, and every new one released before your exam
  • 12 case groups a mock, with charts, in two timed sessions
  • Written answers, with each item's marking scheme to check them against after you submit
  • The guideline answer and the marking scheme for every item
  • Every CMT Level III flashcard, with no daily limit
Get the December 2026 CMT Level III passOr start with a free account

Pay by card. Your pass switches on as soon as the payment goes through, with a 7-day money-back guarantee. Questions first? .

Every account starts free: twenty new flashcards a day, and a sample paper for your exam with two questions from every topic (every exam except CFA Level III and CMT Level III), before you pay for anything.

Moving up a level? $10 off the next level’s pass (CFA Level II, CFA Level III, CMT Level II and CMT Level III) when you had the pass for the level before, for an earlier exam.

What candidates say

★★★★★

The feature that saved my prep was confidence marking. Being able to flag how sure I was on each answer revealed where I was “confidently wrong” — which helped me eliminate hidden blind spots before exam day.

Marcus T.Level II candidate
★★★★★

Unlike other platforms that just give you the correct answer key, SigmaPrep explains why every incorrect distractor is tempting. Understanding why a trap was set made a huge difference in my vignette approach.

Ananya R.Level II candidate
★★★★★

My favourite feature is that the question bank never re-uses vignettes from your completed mocks. It prevented me from relying on passive memory and forced me to actually process new material every session.

David K.Level II candidate
★★★★★

The timed, two-session mock environment mirrors the real exam setting remarkably well. Pacing through eleven item sets under a strict clock helped me manage my end-of-exam fatigue effectively.

Elena V.Level II candidate
★★★★★

The post-mock diagnostic gave me clear direction instead of just a raw percentage. Seeing exactly which topics broke down under time pressure let me target my final weeks of revision efficiently.

Rahul M.Level II candidate

Questions candidates ask

Which exams does SigmaPrep cover?CFA Level I, II and III (all three Level III pathways), FRM Part I and Part II, and CMT Level I, II and III. Each exam has its own pass for the sitting you are taking: CFA from November 2026 to August 2027, FRM for November 2026, and CMT from December 2026 to December 2027.
How is this different from the free questions everywhere?Free questions are usually single items with a one-line answer. A mock is the whole paper under the clock, and at CFA Level II and III and CMT Level III much of it is cases: a vignette with questions hanging off it, where the skill being tested is reading under time. Practising single items does not build that.
What does confidence marking actually do?It splits your wrong answers in two. The ones you guessed cost you a mark. The ones you were sure about cost you a mark and hide a misunderstanding you do not know you have. Only the second kind is urgent.
How are written answers marked?CFA Level III essays and CMT Level III answers are typed. After you submit, your review shows each question’s guideline answer and its marking scheme, point by point, next to what you wrote, so you can see exactly which points you made and which you missed.
What if the pass is not for me?Every pass comes with a 7-day money-back guarantee. Ask within 7 days of paying, from Settings or by email, and we refund the full amount to the card, UPI or account you paid with, no questions asked. The pass is switched off when the refund goes through.
Do you have discount codes?Sometimes, and a code takes $5 off one pass. Type it under the Pay button. One code per account, and a code is not combined with the next-level discount or the FRM bundle: you get whichever saves you more.
Which sitting should I buy the pass for?The one you are sitting. A pass opens its own exam and runs until the end of the month after that exam, so you keep it through exam week. A later sitting is a longer pass, which is why it costs a little more.
Can I use it on a phone?Yes, for review and bank sessions. For a full timed paper use a laptop: the exam is not sat on a phone, and neither should the rehearsal be.
Do questions ever repeat?No question or vignette you have already met comes back in a bank session. The filter runs against every session you have sat, not against the plan you bought, so practice never quietly turns into recall.
Can I pause a session?A bank session, yes: pause it and come back. A mock, no. The clock is the point of a mock, and a paper you can pause is not a rehearsal for a paper you cannot.
What happens if I run out of time?The session submits itself and is scored as it stands. Unanswered questions count as wrong, exactly as they would on the day. You still get the full review and the topic breakdown: running out of time is itself a finding worth reading.
What does the diagnostic actually tell me?Accuracy per topic area, seconds per question per topic, and your confidence against your correctness. Seventy percent on a topic at twice your own average pace is a pacing problem, not a knowledge gap, and those need different weeks.
Is SigmaPrep connected to CFA Institute, GARP or the CMT Association?No. We are not affiliated with, endorsed by or approved by CFA Institute, GARP or the CMT Association, and every question here is written by us rather than taken from a past paper. Anyone claiming otherwise about any provider is worth doubting.
What do I get before I pay anything?A free sample paper for your exam: two questions from every topic, timed and scored like the real paper, with the full worked review. It exists for every exam except CFA Level III and CMT Level III. Plus twenty new flashcards a day. Nothing you have already sat is lost when you take the pass.

Rehearse the real paper before it counts.

CFA, FRM or CMT: every full-length mock released before your exam and every flashcard for it, for one sitting. Not sure yet? Start free.

Get the mocks · from $49Try the free sample
SigmaPrep: CFA, FRM and CMT mock exams