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United Kingdom2-5 years
Regulated in United States
Suspicious Regulatory License
MT4/5 White Label
Chinese market only
United States Common Financial Service License Unauthorized
High potential risk
|Risk Management Index||0.00|
DOUBLE DRILL LIMITED
Platform registered country and region
Pyramid scheme complaint
The cheated investors with coin trading. Beware.
The scamer let me deposited a lot of money, but now I can't even withdraw 50,000.
Lin Chen from Lvzhou College led people to invest through Enigma. But it was a scam and withdrawal delay for many days.
my account has over $200k built up from trading. however the company is fake. they set you up with a demo account that appears legit. you don’t realize it’s a false account until you try to withdraw your funds. they first charge you “tax” that must be paid directly to their Crypto acct (not subtracted from your balance) then they ask for MORE money as fake “penalties” for silly issues they make up. scammers are based out of Hong Kong and recruit all over the world using social media. SCAM
Unable to withdraw. The balance of my account totaled $3900.
My withdrawal was under review after one day. The customer service was unavailable. Please help.
The company was of terrible service. I deposited 190,000 pesos but lost it. I found it was missing for a long time, which made me anxious.
the screenshots say it all. fake fees to be paid in Crypto prior to “withdraw”. legitimate brokers would acknowledge the $220k balance and if there were fees to be paid, subtract the fees from the balance. however UK DoubleDrill is a fake broker so there is no real money. they make “demo” accounts look real. “XAUUSD.d” <- doesn’t that small “d” indicate demo? basically they steal your deposit and make it easy for you to build up your “profit” and get excited. I actually thought I was rich 🤪🤪
he was a scammer and cheated me with scams from the beginning.
Unable to withdraw. It was a romance scam. The customer service did not reply and delayed for a long time.
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.
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?
Return my money (10000 U), please. Make the withdraw as soon as possible.
The balance in my account totaled $30,000 but the customer service did not reply me. I was even blocked by them.
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.
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.
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.
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.
The only option we can witness is live chat option in their website, which we can't even say how responsive it is.
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