The Trading.md teamUpdated: 14 August 2026Test duration: ~8 minutes

Investing Appropriateness Test

Check your readiness if you want to build a long-term portfolio — owning stocks, ETFs and bonds, not trading actively. You answer about your profile and financial situation, then take 12 questions from the investing bank. You receive a spectrum verdict, combined with your declared experience, with recommendations on the themes you still need to work on.

12 scored questions~8 minutesFree, open to anyone

What this test is. It is an educational self-assessment inspired by the methodology regulated brokers use to know their clients before opening an account for them, under MiFID II rules: objectives, financial situation and knowledge of directly held instruments — stocks, ETFs, bonds, funds. You take it here first, so you know where you stand. The result does not replace the broker's official assessment and does not constitute an individual investment recommendation.

How the result is saved. If you are authenticated, the result is saved in your Cabinet history as an Evaluation report, with one attempt per day, so you can track your progress from one attempt to the next. Without authentication, the test stays incognito: the result appears only on screen and is not saved.

How it works

The test has three modules. The first two are not scored and outline the context — your profile and experience. The third is scored. The final verdict is not a pass or fail — it is a position on a spectrum, combined with the experience you declare.

No score

1 · Your profile

Objective, time horizon, emergency fund, reaction to drawdowns and source of money. Not scored, but it nuances the final verdict.

No score

2 · Experience

What instruments you have used so far and for how long. The same score receives a different verdict depending on declared experience.

Scored · 12 questions

3 · Knowledge

Four themes: what you own and what you risk; horizon, volatility and liquidity; diversification, concentration and currency; costs, source of funds and the intermediary. Questions rotate on every attempt.

How you can take the test

Anonymous

no account

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

Authenticated

from the Personal 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

Test from a private question bank, with limited attempts. When you pass, you receive the Certificate of completion, which attests that you completed the course, and the Evaluation report with the score obtained. View courses

Self-assessment

Start the self-assessment

Answer at your own pace — there is no time limit. At the end you receive the spectrum verdict, the breakdown by theme, the explanation for each question and recommendations suited to your level.

5 profile questions + 2 experience questions (not scored) + 12 knowledge questions (scored)

Questions and answer order change on every attempt

The verdict is on a spectrum — there is no pass or fail

How the result reads

0–6You are not ready yet

7–9Partly prepared

10–12Ready for the first steps

The band is combined with the experience you declare — the same score receives a different verdict depending on practice. There is no passing grade, and the test only makes sense if you answer honestly, not if you repeat it until the desired band comes out.

You are in incognito mode. The result appears only on screen and is not saved. If you take the test authenticated, you receive an Evaluation report saved in your Cabinet history.

What comes after the test

The test checks whether you understand risk before putting your money into an investment account — not the material of a course. If you want to move from understanding risk to a portfolio built with a mentor, the courses are the next step; the other public tests are in the hub.

Course “Stock Market Investing”

From theory to a portfolio built step by step: instruments, diversification, company analysis, taxation — with guided practice and a mentor.

View course

All evaluation tests

The Appropriateness Test for trading and the CNPF exam simulation — in the tests hub.

View tests hub

Risk note. Investing in financial markets involves risks, including loss of the invested capital. The value of investments can rise or fall, and past results do not guarantee future results. This test is educational: it does not constitute investment advice, does not recommend instruments or trades and does not guarantee results. The verdict describes your theoretical readiness, not the fit of a financial product with your personal situation.