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The WikiFX Score of this broker is reduced because of too many complaints!

DOUBLE DRILL

United Kingdom|2-5 years|
White label MT5|Regional Brokers|United States Common Financial Service License Unauthorized|Suspicious Overrun|High potential risk|

https://www.doubledrill.net

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

1
Server Name
DoubleDrillLimited-Server MT5
Server Location Hong Kong

Contact

(888)234-5686
https://www.doubledrill.net
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

(888)234-5686

Broker Information

More

Company Name

DOUBLE DRILL LIMITED

Company Abbreviation

DOUBLE DRILL

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 4
Previous Detection : 2024-05-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 20 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

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Pyramid scheme complaint
Expose
Scam

Users in Lvzhou College should turn to the police for help.

A man called Lin Chen cheated people to deposit in the XAU/USD transaction and rejected withdrawal from September 3. He did scams in the currency trading and led users to a dangerous order. Actually he led them to losses and rejected withdrawal for many reasons. His photo was fake. It was a fraud platform.

2021-09-30 11:16
Unable to Withdraw

Unable to withdraw the money, though tried so many times

Here is the response from DoubleDrill:After system inquiries, due to multiple illegal transactions in your account, it is suspected of malicious arbitrage of funds from our company. And submit withdrawals many times, because your withdrawal address is abnormal, causing multiple accounts of the acceptor to freeze. After research and decision by relevant departments, it is determined that your account 180759 is illegal, illegal, and suspected of money laundering. Now your account 180759 is permanently frozen.In order to prevent any loss of your account funds, customer service recommends that you re-create a new MT5 account in Double Diamond. To transfer funds from an existing account of 180759 to a new MT5 account, you need to pay a service fee of 5% (US$15,144.64) of your account amount (US$302,892.83) during the transfer process, and you need to deposit 180759 account balance in the new account 20% (60578.56 USD) pledge deposit. (The pledge deposit is the deposit in your new account, which serves as a guarantee.) After you have completed the payment, the 180759 account funds will be transferred to your latest MT5 account. When you transfer all funds from the 180759 accounts to the new account. Your 180759 account will be canceled. You can withdraw the funds you need to withdraw from the new account.Can you please step in to resolve the issue sooner?

2022-01-01 06:04
Scam

Scam: Account frozen if don't deposit 10000.

Did a few trades with double drill limited and they signed me up to a rewards program without my permission all i did was ask for information on it than the next thing i know their threating to freeze my account unless pay 10000 usd. They have 2000 usd from me. I took screen shots of email they sent me and their customer service message.

2022-01-17 00:38
Unable to Withdraw

Unable to withdrawal

Hi, I was trading on the this platform from the past 3 months or so. Last week, it went on maintenance and re-opened for trading. I traded as usual and got profit. They were saying it is abnormal profit and they made me to pay off that amount to thaw the account. Yesterday it happened again. Now they are asking for risk margin amount also to deposit to thaw the account and process the withdrawal. Here is their response:Hello, the system has detected abnormal transactions in your account on December 22. Because your account has experienced abnormal transactions for many times, it is suspected of malicious arbitrage, illegal profit, triggering a secondary risk warning, and your account has now been frozen. . Since our company does not have the right to privately deduct illegal profit funds from your account, you need to pay another two illegal exchange profit funds on December 22. Your profit amount on December 22nd is 10,730 U.S. dollars. You need to pay 3 times the capital of 10730 US dollars (31290 US dollars) as a margin (of which 10730 US dollars is the abnormal profit repayment, 21460 US dollars is the double risk margin for multiple violations) The margin will reach your account, and you will complete the payment of the profit The account can be unfrozen and returned to normal after the deposit and the deposit, and withdrawals can be processed normally after the account has been unfrozen and returned to normal.

2021-12-23 05:55

    DOUBLE DRILL · Company Summary

    GENERAL INFORMATION AND REGULATION

    Double Drill is a global online foreign exchange and contract for differences broker. They provide high-speed and stable trading platform and low margin

    quotation for more than 100000 retail and institutional customers in more than 70 countries. Their trading products include foreign exchange and other connection services.

    Their trading solutions integrate superior spread, continuous streaming media liquidity and real-time transaction execution. When you trade with them, they will connect you to many of well-known global investment banks and brokers, and directly obtain institutional pricing and liquidity of more than 50 kinds of currencies, commodities,

    indexes and other transaction varieties. Their technology fills the gap between trading and technology, enabling you to leverage our institutional relationships and simplify infrastructure to maximize transaction efficiency.

    MARKET INSTRUMENT

    Double Drill claims to provide Forex currencies, Commodities, Indexes and other transaction varieties. But as we confirm it not regulated we may not be interested in any marketing instruments they provide .

    ACCOUNT AND LEVERAGE

    They failed to also provide the types of Trading Accounts available on their website with their features. They didn't also provide any information regarding the spreads offered, Commission and the minimum deposit required.

    TRADING PLATFORM AVAILABLE

    Double Drill Markets provides industry-leading MetaTrader 5 (MT5) trading platform for investors to enter financial markets. MT5 is an updated and improved version of its predecessor MT4. MT5 trading platform provides a new operation function to enhance customer trading experience. MT5 platform provides a library of technical analysis tools, including technical charts and indicators. There are more than 80 most popular analysis tools available. Analytical objects can be directly added to price charts to facilitate analysis, and other indicators can be used to build charts. MT5 is compatible with a wide range of programs to facilitate automatic trading. The use of algorithmic trading and trading robots (EA trading) will also promote automatic trading. MT5's economic calendar and financial news allow you to keep a close eye on global financial markets and macroeconomic indicators and help you make the most informed trading decisions.

    Through MT5 platform of Double Drill Markets, customers can trade flexibly according to their own needs. Investors can trade according to their risk tolerance, the minimum number of trading hands can be 0.01, or stop-loss orders can be set to reduce risk.

    DEPOSIT AND WITHDRAWAL

    Unfortunately, we can‘t tell you much about Double Drill Deposit and withdrawal conditions, because they don’t give out any meaningful information.

    CUSTOMER SERVICE

    The only option we can witness is live chat option in their website, which we can't even say how responsive it is.

    User Reviews

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    去到海边等天蓝
    more than one year
    I have invested a lot of money in their platform, but no matter how much I tried, I couldn't withdraw money from them. In the end, I can only draw one terrible conclusion: this is a scam company. I sincerely advise others not to be fooled like I am and not to put any money into this platform. What they did was immoral and defrauded countless people of money, which is very distressing. I hope my experience will serve as a reminder to others to choose their investment platform carefully and not to
    2023-03-28 15:47
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    0
    0
    Life is worse than death.
    more than one year
    DOUBLE DRILL is a bad platform. It scammed me out of $10,000 and is now not responding to my messages and the website is down! When can I get my money back?
    2022-12-08 09:46
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    0
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