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Updated: Jul 27, 2026
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ICMA FMFQ Exam Overview:
| Certification Vendor: | International Capital Market Association (ICMA) |
| Exam Name: | Financial Markets Foundation Qualification Exam |
| Exam Number: | FMFQ |
| Passing Score: | 60% (30 out of 50; 45+ = Distinction) |
| Available Languages: | English |
| Exam Duration: | 75 minutes |
| Exam Price: | EUR 1,300 (ICMA Members), EUR 1,900 (Non-members) |
| Certificate Validity Period: | No expiry (lifetime validity) |
| Exam Format: | Multiple Choice Questions, Online Proctored |
| Real Exam Qty: | 50 |
| Recommended Training: | Official FMFQ Online Self-Study Course |
| Exam Registration: | ICMA FMFQ Registration |
| Sample Questions: | ICMA FMFQ Sample Questions |
| Exam Way: | Online fully invigilated via Honorlock; can be taken within 6 months of enrollment |
| Pre Condition: | No formal prerequisites; suitable for beginners and early-career professionals |
| Official Syllabus URL: | https://www.icmagroup.org/executive-education/courses/financial-markets-foundation-qualification-fmfq-online/ |
ICMA FMFQ Exam Syllabus Topics:
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