How do I update trading permissions to qualify for IBKR Lite?

If you are eligible for an IBKR Lite account but receive the error message "The pricing plan on your account cannot be changed for the following reasons: Accounts with trading permission 'Algorithmic Execution Venue' are ineligible for the IBKR Lite Plan. You can adjust your account settings or check back later.", then you must update the trading permissions on your account before converting to Lite. For information on updating your trading permissions, please review How do I manage my trading permissions?

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