Registrant Prep (formerly Ciroexam)
Registrant Prep is a Canadian online exam-preparation platform purpose-built for the nine CIRO proficiency exams that replaced the retired Canadian Securities Course (CSC) in 2026, offering practice questions, written lessons, flashcards, and an AI tutor grounded in actual regulatory sources.
What is Registrant Prep?
Registrant Prep is a subscription-based study tool for the CIRO Proficiency Model exams — CIRE, Retail Securities (RSE), Supervisor (SUP), Trader (TRD), Derivatives (DER), Institutional Securities (ISE), Director & Executive (D&E), CCO, and CFO. It takes candidate input via a 25-question diagnostic mock exam and produces element-by-element readiness scores, custom weak-area drills, and pass-probability estimates. The platform runs in a web browser (mobile-responsive) with no native app. It is built and operated by an independent Canadian team (not affiliated with CIRO, CSI, or Fitch Learning).
Key Features
- Blueprint-aligned practice questions — Over 16,000 questions across all nine exams, each tagged to a specific CIRO learning outcome with the exact rule citation (IDPC, UMIR, PCMLTFA, NI 31-103, etc.).
- AI tutor on every wrong answer — The tutor cites the actual regulatory section (e.g. "NI 31-103 / CIRO Consolidated Rules (Suitability and Margin)") and will not answer outside the syllabus; included with every subscription under a daily fair-use allowance.
- Two full-length mock exams per course — Timed 100-question sittings (or 80 for some exams) plus a custom mock built from the user's weakest outcomes; free 25-question CIRE mock requires no credit card.
- Spaced-repetition flashcards — Over 9,000 confidence-aware flashcards that reschedule based on mastery, outcome by outcome.
- Pass-probability dashboard — A 0-100 score blending accuracy, breadth, lesson depth, and best mock performance, recency-decayed, to help decide when to book the exam.
- Weak-outcome targeting — The dashboard names the bottom five outcomes by name and allows one-click drilling of those specific areas.
- Feynman-style grading — On every question, users can "teach back" the rule in their own words and receive an AI score (0-100) with a list of covered and missed points.
Who is it for?
- CSC-era candidates transitioning to CIRO — Individuals who started the Canadian Securities Course before December 2025 and now need to pass the CIRE and a role-based exam under the new model.
- Investment Advisors and Registered Representatives — Those required to take the Retail Securities Exam (RSE) to serve retail clients.
- Supervisors, Traders, and Derivatives specialists — Candidates targeting the Supervisor (SUP), Trader (TRD), or Derivatives (DER) exams for their respective roles.
- Compliance and finance officers — Designated CCOs and CFOs who must pass the Chief Compliance Officer or Chief Financial Officer exams to meet CIRO registration requirements.
What can you do with Registrant Prep?
- Diagnose your weakest elements — Take the free 25-question CIRE mock to get an outcome-by-outcome score across all nine CIRE elements before committing to any payment.
- Drill specific regulatory rules — Use the AI tutor to ask "Why isn't option C the right answer?" and receive a citation from NI 31-103 or PCMLTFA, then generate a fresh AI-variant question on the same outcome with a different scenario.
- Simulate the real exam — Complete a timed 100-question mock in the same format as the actual Fitch-administered test, then review every answer with the source rule and the AI tutor's explanation.
- Track readiness across all nine exams — A single subscription (monthly or annual) unlocks practice banks, flashcards, and mocks for every CIRO exam without switching platforms or paying extra.
