Definition of bucket shop in US English:

bucket shop


derogatory, informal
  • An unauthorized office for speculating in stocks or currency using the funds of unwitting investors.

    • ‘The U.S. has laws restricting bucket shop practices by limiting the ability of brokerage houses to create and trade certain types of over-the-counter securities.’
    • ‘The Iowa Electronic Market, which runs a kind of a legal bucket shop in political candidacies, has restructured its presidential futures market.’
    • ‘With stock market speculation on its way to becoming a home-based sport (which, as the bucket shops were said to do, principally attracts those who are ‘looking for entertainment and excitement’ - and a killing!)’
    • ‘What worked at the bucket shops didn't play on Wall Street. Within six months of the start of his legitimate trading career Livermore was wiped out.’
    • ‘In the real world, I think that kind of unauthorized trading would meet the legal definition of a bucket shop.’


bucket shop

/ˈbəkət ˌSHäp//ˈbəkət ˌʃɑp/