Good, no? Isn't this the point? putting all fraud costs firmly on the victim...voluntarily. Ideally in a mature system with various options for mitigating ris

Good, no? Isn't this the point? putting all fraud costs firmly on the victim...voluntarily. Ideally in a mature system with various options for mitigating risk cheaply. If someone wants the (currently a tight oligopoly) 'credit card insurance scheme' why not let them have it in a more naturally competitive market? The spreads are the spreads and if transacting costs more then it does elsewhere no one will use it. Otherwise, some positive things might happen. Anyway, what about people who want to play with regulated forex trading?