CIRO Exam Prep Courses
Complete preparation programs for CIRE, Retail Securities, and Institutional Securities exams
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Instructor-led videos, podcasts, AI tutor, mock exams, and question banks
About the CIRO Exams
About CIRE Exam
The Canadian Investment Regulatory Exam (CIRE) by CIRO is the proficiency requirement for Registered Representative (RR) and Investment Representative (IR) registration. The exam features 110 multiple-choice questions in 2 hours and tests real-world application across Elements 1–9: regulatory framework, KYC/suitability, account scope, complaints, market & company analysis, market integrity/trade execution/settlement, securities & managed products (incl. mutual funds), derivatives, and conflicts & ethics.
Learn MoreAbout RSE Exam
The Retail Securities Exam (RSE) by CIRO is the core proficiency requirement for client-facing investment roles, including advisors who provide product recommendations and suitability assessments. The exam evaluates applied competency across KYC, KYP, client suitability, investment products, portfolio construction, taxation, compliance, and ethical decision-making. The RSE emphasizes real-world scenarios, requiring candidates to interpret client profiles, identify red flags, assess risk tolerance and capacity, compare products, and apply CFR-aligned recommendations.
Learn MoreAbout ISE Exam
The Institutional Securities Exam (ISE) by CIRO is designed for professionals working in institutional securities roles. The exam covers 100 multiple-choice questions in 2.5 hours and focuses on institutional trading, corporate finance, advanced product knowledge, and regulatory compliance specific to institutional clients. Candidates are tested on complex trading scenarios, market structure, and institutional-level risk management.
Learn MoreAbout Derivatives Exam
The Derivatives Exam by CIRO is the proficiency requirement for professionals dealing in options, futures, and other derivative instruments. The exam features 120 questions over 3 hours and covers options strategies, futures contracts, hedging techniques, pricing models, risk management, and regulatory requirements for derivatives trading. Candidates must demonstrate competency in both theoretical concepts and practical application of derivative strategies.
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