Pass your CMFAS exam the first time.
Practice questions, flashcards and timed mock exams for RES5, M9, M9A, HI, M8, M8A, CM-EIP and CM-SIP. Your Readiness Score tells you when you're ready to book.
The real dashboard, shown with sample student data.
Learn the rule behind every answer
CMFAS modules test whether you can apply MAS rules and product knowledge to a client situation. Every explanation names the rule or concept behind the answer, so you learn why, not just what.
- Original questions written to each module's published syllabus
- Trap answers called out, like CKA for unlisted SIPs vs CAR for listed SIPs
- Practice by topic or mixed, with instant feedback
See your weak spots before the exam does
Your Readiness Score day by day, accuracy by topic with the weakest first, and every timed mock against the pass line. One click on a topic starts a drill on it.
- Topic accuracy updates after every question
- Mock scores plotted against your module's pass mark
- The Today list sends you to your weakest topic first
Remember it on exam day, not just tonight
Spaced repetition brings each card back right before you'd forget it. Cards you miss return in 10 minutes. Cards you know wait days or weeks.
- Rules, periods and definitions that get tested
- 15 new cards a day, so reviews never pile up
- Mastery feeds straight into your Readiness Score
Turn every missed question into a point
Every question you get wrong is saved with its explanation. It only clears after you get it right twice in a row, so lucky guesses don't count.
- Re-test all your mistakes in one click
- See the right answer and the rule behind it
- Shows how many you've cleared, to keep you going
Walk in having done it before
Timed mocks with no feedback until you submit, the way the test centre works. RES5 is 150 questions in 3 hours, so stamina matters as much as knowledge.
- RES5 pace: 150 questions in 3 hours, 1 minute 12 seconds each
- Quick 25-question mocks for a lunch break
- Two full simulations count toward the Pass Guarantee
Which CMFAS modules do you need?
Pick the role you're preparing for. We'll show the usual modules and a free practice test for each.
Don't take our word for it. Check it.
Every claim below is something you can verify yourself in a few minutes.
Every CMFAS module. One plan per module.
Try any exam free first. Upgrade when you're ready.
Premium Monthly
- One CMFAS module of your choice, from RES5 to M9A, HI or CM-SIP
- 3,000 practice questions + 6 full mock exams per exam
- 800 flashcards + 60 key notes per exam, by topic, plus mind maps
- Spaced repetition + mistakes bank
- Readiness Score & detailed reports
- Video lessons as they release
- Content updates during your access
- 5 bonuses: key numbers sheet, formula sheet, study planner and more
- Pass Guarantee: complete the prep, pass or 100% back
Renews monthly until you cancel. Cancel in two clicks from your account; you keep access until the end of the month you've paid for. No minimum term.
Premium Yearly
- One CMFAS module of your choice, from RES5 to M9A, HI or CM-SIP
- 3,000 practice questions + 6 full mock exams per exam
- 800 flashcards + 60 key notes per exam, by topic, plus mind maps
- Spaced repetition + mistakes bank
- Readiness Score & detailed reports
- Video lessons as they release
- Content updates during your access
- 5 bonuses: key numbers sheet, formula sheet, study planner and more
- Pass Guarantee: complete the prep, pass or 100% back
Renews once a year until you cancel. We email you before each renewal. Cancel any time from your account; you keep access until the end of the year you've paid for.
Included free with every plan
CMFAS Key Numbers Sheet
The periods, limits, pass marks and distinctions the CMFAS modules test most, on one printable page.
Free with an accountCMFAS Formula Sheet
Every calculation the product modules test: units, NAV, offer prices, P/E, FX and margin calls.
Exam-Day Checklist
What to check before your SCI or IBF exam, and how to pace each module.
2- and 4-Week Study Planner
A plan for each module that fits around a full-time job.
New Adviser Career Guide
From CMFAS passes to appointment: modules by role, the 3-year rule and your first year.
Pass, or get 100% of your money back.
We're confident in the system, so we put our money on it. Do the work, and if you still don't pass, you don't pay.
- Answer every question in that exam's question bank (100% covered)
- Read every study-notes topic for that exam
- Complete at least 2 full timed simulations, with your latest one at or above the exam's pass mark
- Reach a Readiness Score of 80 or higher (shown on your dashboard)
- Sit the official exam while your access is active, and within 60 days of meeting the requirements above
- Email your official result notice within 30 days of your exam date
Questions before you buy
Can I try it before I pay?
Yes. Open the study dashboard free with no signup, or take any exam's free practice test. You only pay when you want the full question bank, timed simulations and every study tool.
What if I buy it and it's not for me?
Because you get the full question bank and study materials the moment you pay, all sales are final. Try the free test and the free dashboard first so you know it suits you. The one exception is the Pass Guarantee: complete the full prep, and if you still fail, we refund 100%.
What if I study and still fail?
That's what the Pass Guarantee is for. Answer every question in the bank, read every study topic, pass 2 timed simulations and reach a Readiness Score of 80, then sit your exam within 60 days. If you don't pass, send your result notice within 30 days and we refund 100%.
Is it a subscription?
Yes. Premium is S$187 a month per exam (about S$6.15 a day) and renews monthly until you cancel. You can cancel in two clicks from your account, and there's no minimum term. Most people study for 1 to 3 months. If you want a whole year for one exam, the yearly plan is S$1,683 for 12 months (3 months free) and renews once a year until you cancel.
How long do I keep access?
For as long as your Premium subscription is active. Cancel any time from your account and you keep access until the end of the month you've paid for.
Are these real exam questions?
No one can legally sell the actual exam questions, and the study guides are copyrighted. Ours are original questions written to each module's published syllabus, format and difficulty, with an explanation for every answer and the rule or concept behind it, so you can check our work.
Is the content up to date?
We check every exam page against the current SCI and IBF examination information and show the date it was last checked. That includes the April 2024 restructure, when M5 became RES5 (150 questions, 75% Part I and 80% Part II) and the combined CM-LIP, CM-CIS and CM-LIC papers arrived.
Do I still need the official study guide?
Yes. When you register for a CMFAS module with SCI or IBF you get the official study text, and it's your core reading. We're the extra practice: more questions, timed mock exams, flashcards and a Readiness Score so you know when you're ready to book.
Are you affiliated with SCI or IBF?
No. CMFASQuizBank is an independent exam-prep company, not affiliated with the Monetary Authority of Singapore, the Singapore College of Insurance (SCI) or the Institute of Banking and Finance (IBF). CMFAS module names are used only to describe the exams we help you prepare for.
Every key CMFAS module
Each exam has a free practice test and a study guide. Premium adds 3,000 practice questions, 6 full mock exams, 800 flashcards and 60 comprehensive key notes per exam, organized topic by topic.
RES5: Rules, Ethics and Skills for Financial Advisory Services
The rules, ethics and skills module every financial adviser representative in Singapore must pass.
CMFAS Module 9: Life Insurance and Investment-Linked Policies
The core product knowledge module for life insurance in Singapore: life policy types, riders, policy provisions and nominations, investment-linked policies and annuities.
CMFAS Module 9A: Life Insurance and Investment-Linked Policies II
The second life insurance module goes deeper into investment-linked policies: investment concepts, ILP sub-funds, unit pricing and charges, disclosure documents and the risks advisers must explain.
CMFAS Health Insurance (HI) Module
Required to advise on or arrange policies with health or accident benefits (MAS Notice 117).
CMFAS Module 8: Collective Investment Schemes
The product module for advising on unit trusts and other collective investment schemes: how funds are structured, the main asset classes, pricing and charges, risk and performance, and the disclosure rules.
CMFAS Module 8A: Collective Investment Schemes II
The second funds module covers complex collective investment schemes: funds that use derivatives, structured and capital-protected funds, hedge funds, ETFs, and the extra suitability checks for Specified Investment Products.
CM-EIP: Capital Markets – Excluded Investment Products (formerly Module 6)
The product knowledge module for securities, excluded investment product (EIP) funds and foreign exchange, formerly Module 6. It's taken by bank and brokerage representatives dealing in shares, bonds and plain funds.
CM-SIP: Capital Markets – Specified Investment Products (formerly Module 6A)
The product knowledge module for derivatives and complex funds, formerly Module 6A: futures, options, warrants, structured products, CFDs, leveraged FX and Specified Investment Product funds, plus the suitability rules that apply to them.
CMFAS guides, written for new advisers
RES5 exam guide (2026)
RES5, Rules, Ethics and Skills for Financial Advisory Services, is the module every financial adviser representative in Singapore must pass.
Which CMFAS modules do you need?
The CMFAS exams are the competency tests MAS requires before a firm can appoint you as a representative.
Your licence is a few exams away.
Open the dashboard, pick your exam and answer your first question in under a minute. Free, no signup.
Start studying freeReady to go all in? See pricing · S$187/month per exam, about S$6.15 a day · Pass Guarantee