Why is my withdrawal request placed after 7:30pm honored the next day but placing a request before 7:30pm is honored the same day?

Withdrawl request timings

Payouts are done only after settling accounts for the days trade.
Contracts notes are sent to clients by 6.00 pm and then the available balance & clear balance is updated in the back office.
After this, the payout file is downloaded & Payouts are validated & processed at 7.30 pm.

The reason why payouts cannot be processed after 7.30 pm is because the payouts are done only once a day and the time scheduled to extract the payout file is 7.30 pm. After this, the payouts are processed & the margins are updated for next days trade. Any request after 7.30 pm is kept pending in the system until the next day.
Most of the brokers follow the same trend, though the cut-off time may vary from broker to broker.

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