Bucket Shop
A fraudulent brokerage firm that uses aggressive telephone sales tactics to sell securities that the brokerage owns and wants to get rid of.
Definition
Bucket Shop
A brokerage enterprise that 'books" (i.e., takes the opposite side of) a customer's order without actually having it executed on an exchange.
RELATED TERMS ...
Bucket Shop: A brokerage enterprise that “books" (i.e., takes the opposite side of) retail customer orders without actually having them executed on an exchange.
Bucket Shop: A brokerage enterprise which "books" (i.e., takes the opposite side of) a customer's order without actually having it executed on an exchange.
Bulge: A rapid advance in prices.
Bucket shop
An illegal brokerage firm that accepts customer orders but does not attain immediate executions.
Bucket shop
A bucket shop is an illegal brokerage firm whose salespeople pose as legitimate brokers and attempt to sell you securities. Typically, a bucket shop broker doesn't actually purchase the securities you agree to buy and that you pay for.
[edit] Bucket shops
CFDs, when offered by providers under the market maker model, have been compared to the bets sold by bucket shops, which flourished in the United States at the turn of the 20th century.
Bucket Shops
This type of broker has virtually no connection to the real-world Forex market. Bucket shops depend largely on using currency futures and options.
Also called bucket shop, it is the name given to a brokerage that sells overpriced securities fraudulently, with little underlying value.
Beware of Bucket Shops
Defending Yourself
Opening a Forex Trading Account
Forex Trading Scams
Forex Account Managers
Don't Be a Sucker!
Automated Robots and Systems
Signal Services
Some Brokers are Scammers Too!
Regulatory Agencies ...
He started out in bucket shops and was later able to amass a fortune equivalent to billions of dollars today. Livermore's rules for trading were sound and have sparked interest in the trading community for the last 75+ years.
Reminiscences of a Stock Operator is the thinly disguised biography of Jesse Livermore, a remarkable character who first started speculating in New England bucket shops at the turn of the century.
Boiler Rooms: A company whose sole purpose is to separate you from your money. Also known as "Bucket Shops," they use high-pressured sales tactics to sell you penny stocks.
Most brokers work on the basis of the law of large numbers, acting like the bucket shops of 50 years ago, they do not hedge any positions and are directly competing against there clients.
Lastly, the founder has a great deal of knowledge on "pay to play" proprietary bucket shops. By making sure those not playing by the rules are visited by the SEC.
bucket shop An unlicensed or illegally operated brokerage. bucketing The illegal practice by a broker of executing a customer's order for his/her...
 See also: Stock, Market, Position, Trading, Trader
  
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