Q. What are the eligibility requirements to register for the CMT?
There are no eligibility requirements to take the CMT exams but we do recommend that candidates have a university degree and experience working in the financial markets using technical analysis.
Q. When is the exam held?
The CMT Exams are given twice a year, in April and October. To view the dates for the next exam administration, click here.
Q. How do I enroll in the CMT Program?
To enroll in the CMT program, you must first join the MTA as an affiliate member and then enroll in the CMT Program. Once that is complete, you can pay for your exam through MyMTA and schedule with Prometric.
Q. Where is the CMT exam held?
The CMT exam is administered globally at Prometric testing centers (our test administration partner). You will find the exam center nearest to you at the Prometric website once you complete your enrollment in the CMT Program.
Q. Where is the Prometric test center nearest me?
Test centers are available around the world. Visit the Prometric website for a complete list of all available test center locations.
Q. Can I change the test center I was assigned to?
Yes, you may change your selected test center through Prometric by following the prompts to reschedule your exam. You may change test locations for Level I & II up to 48 hours before the exam date.
Please be aware that Prometric will charge a $25 administrative fee for any changes made after the close of registration.
For Level III, you must make any changes by the close of registration.
Q. Can I take multiple exams at once?
No. Candidates may take only one exam per administration period.
Q. How many times are candidates allowed to take the exam?
There is no limit on the number of attempts candidates may take to pass each level of the CMT exams.
Q. How long does a candidate have to successfully complete the CMT Program?
Once a candidate has enrolled in the CMT Program, there is no imposed time limit to pass the three levels of examination. However, given the annual updates and revisions to the curriculum, candidates are encouraged to complete the CMT Program in consecutive administrations, expediting their pursuit of the CMT designation.
Q. What is the MTA “No Show” Policy?
If you do not arrive at your scheduled exam date/time/test center location, the examination fee is forfeited. There are no refunds or transfers.
Q. Can I defer my exam?
No. Deferment is not an option.
Q. Can I reschedule my exam within the current administration?
Yes, you can reschedule your exam through Prometric.
You may reschedule your exam before the registration deadline at no cost. There will be a $25 rescheduling fee to Prometric for all adjustments made after the close of standard registration.
Q. Can I cancel my exam?
Candidates who register during the standard registration period may request a cancellation of their exam and will be eligible for a full refund within two weeks of payment.
Candidates registering after the registration deadline may request a cancellation of their exam and will be eligible for a refund minus the test center administration fees within two days of payment.
You must provide a confirmation of your cancellation from Prometric to receive your refund.
Q. How much time are candidates given to complete each exam?
- Level I – 2 hours
- Level II – 4 hours
- Level III – 4 hours
Q. What is the length and format of the exams?
- Level I – 132 multiple choice questions (Only 120 are counted, 12 are for piloting new questions)
- Level II – 170 multiple choice questions (Only 150 are counted, 20 are for piloting new questions)
- Level III – Essay questions totaling 240 points. Candidates should use the point allocation of each question as guidance for time management.
Q. What is the composition of each exam?
- Level I – primarily definition & recognition – This exam measures basic, entry-level competence and understanding of technical analysis. The Level I candidate needs to have a working knowledge of the basic tools of a technical analyst.
- Level II – primarily application & analysis – This exam requires the candidate to demonstrate a greater depth of analysis and use of technical tools. The Level II candidate is expected to demonstrate proficiency in applying more advanced analytical techniques and technical analysis theory.
- Level III – primarily integration & synthesis – This exam tests the candidate on the development of logical and consistent research opinions, portfolio strategies and trading decisions based on a wide range of charts and technical data. The Level III candidate is asked to analyze case studies, make recommendations and justify those recommendations based on the data provided. All candidates must pass the ethics portion of this exam.
Q. Are all exam items scored?
No. Pretest questions are unscored and serve the purpose of expanding our question bank. There are 12 pretest items in the Level I exam and 20 pretest items in the Level II exam. We evaluate new questions psychometrically and statistically to ensure the relevance, validity, and appropriateness of each question to its respective level of the CMT exam.
All items are scored at Level III.
Q. What is the MTA Veterans Reimbursement Policy?
The CMT exams have been approved for reimbursement of test fees for veterans and other eligible persons in accordance with the Division of Veterans’ Affairs policy. For information on how to submit reimbursements after your examination, please visit www.gibill.com.