FREE · NO REGISTRATION

Evaluation tests

Check whether you understand risk before you trade or invest — the same knowledge regulated brokers assess. Instant result, with explanations for every answer.

Trading.md team · Updated: July 2026

Free and anonymousInstant resultNew questions on every attempt

The public tests are anonymous. We do not ask for your name, email or account, and the answers are not saved anywhere. The only difference in the Personal Cabinet: the result stays in history and you can track your progress over time — everything else is identical.

Why you start with an Appropriateness Test

Any regulated broker has an obligation, under European MiFID II rules, to assess your knowledge and experience before allowing you to trade complex instruments such as CFDs. If the assessment shows that you are not ready, you receive a warning — and some brokers limit or postpone account opening.

Our Appropriateness Tests reproduce this assessment for educational purposes, following the model used by brokers and certification bodies. They are not tied to any course and do not check course material: they measure whether you understand risk before putting your money on the line. You find out in advance whether you would pass the broker’s assessment, what you are missing and where to fill the gaps — free and with no obligation.

Knowledge taught in the courses is assessed separately, in the Personal Cabinet, at the end of each course.

Three levels of assessment

Public self-assessment

The Appropriateness Tests, free and anonymous, directly on the site. Answers and explanations are shown at the end. You can retake them anytime — the questions change on every attempt.

Registered assessment + Report

The same Appropriateness Tests are also in the Personal Cabinet. Taken from there: saved result, progress history and a PDF document with a verification ID. One attempt per day.

Go to the Cabinet

Course certificate

Only after a course, in the Cabinet: an assessment from a private question bank, different from the public one. Completing the course gives you the Certificate of participation, and passing the test upgrades it to the Certificate of completion. The score appears only in the Evaluation report.

View courses

How you can take a test

Anonymous

Appropriateness Tests, no account

Unlimited attempts. The result appears only on screen and is not saved anywhere — completely incognito.

Authenticated

Appropriateness Tests, from the Cabinet

One attempt per day. The result is saved in history as an Evaluation report, with your progress from one attempt to the next.

After a course

students only, in the Cabinet

Test from a private question bank, with limited attempts. Whoever completes the course receives the Certificate of participation; after passing the test, it is upgraded to the Certificate of completion. The score stays only in the Evaluation report.

How to read the result of an Appropriateness Test

There is no “pass” or “fail”. The result is a verdict on a spectrum: the 12 scored questions place you in one of three bands — 0–6 (the fundamentals are missing), 7–9 (the base is there, with gaps), 10–12 (the fundamentals are covered) — and the band is combined with the experience you declare, giving seven different verdicts, each with its own recommendations.

Keep in mind that the goal is not a high score. Retaking the test until the desired result comes out changes nothing in reality — and at the broker, the questionnaire is filled in once, with real consequences.

TRADING ASSESSMENTS

AVAILABLE

Appropriateness Test for trading

The knowledge and experience regulated brokers assess before opening a real account for you.

Access: open to anyone, free · does not check the material of any course — only your understanding of risk.

Structure: unscored modules (profile and experience) plus 12 questions about risk, on 4 themes — leverage, margin and loss of capital; real execution and costs; the nature of CFDs, the counterparty and regulation; the capacity to bear losses.

~8 minutes · bank of 36 questions

Start the test

Result: no “pass / fail”. A verdict on a spectrum, across three bands — 0–6, 7–9, 10–12 out of 12 — combined with your declared experience.

COURSE ASSESSMENT

Post-course tests, in the Cabinet

Knowledge taught in the courses is assessed at the end of each course, in the Cabinet — from Level 1 to the specializations. Each course has its own test.

Each course ends with its own test, from a private question bank, and produces a Certificate of completion plus an Evaluation report.

One test for each course

View courses

The private bank does not overlap with the public questions — they are completely different sets.

INVESTING ASSESSMENTS

AVAILABLE

Appropriateness Test for investing

For people building a long-term portfolio, not trading actively.

Access: open to anyone, free · does not check the material of any course — only your understanding of risk.

Structure: unscored modules (profile and experience) plus 12 questions about risk, on 4 themes — what you own and what you risk; horizon, volatility and liquidity; diversification, concentration and currency; costs, source of funds and the intermediary.

~8 minutes · bank of 36 questions

Start the test

Result: no “pass / fail”. A verdict on a spectrum, across three bands — 0–6, 7–9, 10–12 out of 12 — combined with your declared experience.

LOCAL MARKET ASSESSMENTS

COMING SOON

CNPF exam simulation test

Educational replica of the certification exam for the qualification certificate on the non-banking financial market.

Access: open to anyone, free · a preparation exercise, with no official value whatsoever.

Structure: 20 multiple-choice questions with one correct answer, 60 minutes, set drawn randomly from several variants — following the official exam model.

The study material belongs to the CNPF, not to Trading.md. The topics, bibliography and procedure are published by the authority: certification materials

20 questions · 60 minutes

Passing threshold: 75% — at least 15 of 20 questions, as in the official exam.

PROFESSIONAL CERTIFICATION

OFFICIAL RECOGNITION

Capital-market specialist certification

In the Republic of Moldova, the qualification certificate for activity on the non-banking financial market is obtained exclusively through certification by the National Commission for Financial Markets.

Competent authority: CNPF — the admission conditions, topics and exam registration are published on the official website.

Trading.md does not organize certifications and does not issue qualification certificates. Our tests are educational tools and do not replace the official certification procedure.

The only path to the official state certificate

See the conditions on cnpf.md

Questions rotate from a bank of variantsExplanations for every answerEach test shows its threshold on the card

Certificate assessment starts with a course

Each course ends with a test from a private question bank: you receive the Certificate of completion and the Evaluation report.

View courses

The public tests are educational self-assessment tools and do not constitute investment advice. Results are informational; when opening an account, the broker will apply its own appropriateness questionnaire under MiFID II. The CNPF exam simulation test is a preparation exercise with no official value, and the study material belongs to the CNPF — Trading.md does not organize professional certifications and does not issue state-recognized qualification certificates. Trading leveraged instruments involves significant risks and can lead to loss of the invested capital.