IBKR offers only brokered U.S. Certificates of Deposits (CDs) which are listed for trading on a secondary market. Unlike CDs purchased directly from a bank, brokered CDs cannot be redeemed prior to maturity but can be sold prior to maturity, assuming a secondary market exists.
CDs are considered a subset of fixed income products and require United States / Bonds trading permissions to trade. Clients who have permissions to trade U.S. bonds are provided with a legal disclosure that outlines the risks of trading CDs. The disclosure is provided in advance of the first order and may be sent periodically thereafter.
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