A bucketshop is a term commonly used to describe a brokerage firm that indulges in unethical practices such as making speculative trades without the customer's consent or charging high commissions. Synonyms for bucketshop include a scam broker, rogue broker, unethical trading firm, speculative trading broker, fraudulent broker, and unscrupulous broker. These firms typically take advantage of novice investors to maximize their profits, leaving the investors with minimal returns or massive losses. It is important to cautiously conduct research on a brokerage firm before investing one's hard-earned money. Investors should also check regulators' websites to ensure they are dealing with registered and regulated firms.