TeachMeFinance.com - explain Bucket shop
Bucket shop -- A place where bets are made on regular exchange
No actual transactions take place. "Margin" (a bet) is put
up by the "customer" and a commission is charged for "buying"
and "selling" the same as on an exchange. When the
quotations show a profit to the "customer" (or bettor) he is
privileged to demand the profit ; when the limit of the "customer's" margin (from which has been deducted the commission
for both "buying" and "selling") has been reached the
"customer" has lost his bet and the transaction is closed.
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