I didn't take any exam. No licence. Since, my overhead is about 50k to 100k a year if I calculate how much I would earn if I take another job etc, I am in the stage that I need more capital. I was told that there are only 3 loopholes to raise money without licence. 1 find clients willing to let me trade in their accounts. I can trade up to 15 clients' accounts without licence. 2 form an investment club, ask members to put money in it and i take a performance based pay 3 first, publicly promote myself, instead publicly raise money, then once they know me, and are willing to invest in me, their money become none public raised capital. Can anyone confirm those are the legal ways to do?