Best CMFAS M8 Mock Exams & Study Guides (2026 Comparison)

If you are following a proper M8 Study Strategy, you know that reading the textbook is only half the battle. You need to master the financial calculations.

But where should you get your practice questions?

A quick search yields dozens of options, from $10 PDFs on Carousell to $200+ classroom courses. The problem is, M8 is a technical exam. If your study materials don't explain the math steps for Time Value of Money or Risk Ratios, you will struggle.

In this guide, we compare the three main types of M8 mock exams available in Singapore to help you decide which one prevents you from failing this deceptively tricky paper.

The Comparison Table

Here is how the different study materials stack up against the technical requirements of the M8 exam.

Option 1: Buying Notes on Carousell

Best for: Candidates who are already finance experts.

You can find plenty of seniors selling "M8 Summaries."

• The Math Problem: Most summary notes simply list the formulas (e.g., FV = PV(1+r)^n). They don't show you how to apply them to a tricky "Compounded Quarterly" question.

• The Risk: M8 involves regulatory limits (e.g., REIT leverage limit 45% or 50%?). Old notes often carry outdated figures which guarantee a wrong answer.

Option 2: Traditional Providers (e.g., CMFAS Hub)

Best for: Candidates who prefer a traditional "Exam Paper" feel.

Established providers offer high-quality mock papers. They are reliable.

• The Limitation: They typically sell by "Sets." You might pay ~$40 for "Mock Paper Set A" (50 questions).

• The Issue: M8 is short (50 questions). Doing just one set isn't enough to see all the variations of calculation questions. Once you memorize the answer key, you stop learning.

We have put together a free mini-mock exam covering the 5 specific question types that trip up most candidates here.

Option 3: The AI Simulator (ExamPrep.sg)

Best for: Candidates who need to master the calculations fast.

We built ExamPrep.sg to solve the "Math Anxiety" problem.

Why "Smart" Beats "Static" for M8

• Step-by-Step Math: We don't just tell you the answer is "B". We show the substitution of the formula so you can see exactly where you went wrong. Every question includes instant feedback and explanations.

Understanding the formula is key. Our platform teaches you the steps.

• Product Comparisons: M8 tests the subtle differences between Unit Trusts, ETFs, and REITs. Our "Practice by Chapter" mode lets you drill Chapter 7 & 8 specifically to master these distinctions.

Use ExamPrep.sg's "Practice by Chapter" mode to focus on specific chapters.

• Progress Tracker: Track your progress and see your weak spots and improvements over time.

Track your progress and see your weak spots and improvements over time.

• AI Weakness Detection: Identify your weak spots and focus on them.

Identify your weak spots and focus on them.

• The "All-in-One" Value: For the same price as one static paper set ($39.90), you get unlimited exams, instant feedback and explanations, practice by chapter mode, progress tracker, and the AI weakness detector.

• The Economics of Failure:

The Retake Cost: If you fail M8, SCI charges you ~$130-$150 to retake.

The "Insurance" Cost: For $39.90, ExamPrep.sg gives you the tools to pass on the first try.

The Verdict: Smart candidates invest $39 to save $130. Gamblers pay for retakes.

Conclusion: Accuracy is Everything

• If you want the absolute cheapest option and are confident in your math: Carousell.

• If you want a standard, fixed mock paper experience: Traditional Providers.

• If you want unlimited practice, calculation walkthroughs, and data-driven study tools for the same price: ExamPrep.sg.

M8 is deceptively tricky. Don't risk your score by using tools that don't explain the math. Read our passing score and format guide here. Also, we have put together a guide on the traps of the M8 exam here.

Ready to book your slot?

Read our Step-by-Step M8 Registration Guide to ensure you select the right module.