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DOUBLE DRILL

Severe riskForex / CFD broker
🇬🇧 United Kingdom · 5-10 years · since 2021-04-09 · DOUBLE DRILL LIMITED
Unregulated
Visit site ↗
—/5
★★★★★ ★★★★★
23 reviews ›
0
Licenses ›
29
Withdrawal issues ›
$5000
Min. deposit ›
—
Max leverage ›
4
Account types ›
75/100
Scam risk ›
0
Clone sites ›
Accounts: VIP · $50,000GOLD · $25,000SILVER · $10,000Classic · $5,000
▲ 0% positive▼ 100% negative
Independent ratingshow third parties score this broker
WikiFX1.52/10
Trustpilot—/5
Forex Peace Army—/5
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DOUBLE DRILL operates in your country (United States) — but holds no local license. You’d likely be onboarded under an offshore entity, which means weaker fund protection. Confirm which entity before depositing. We’ve logged 2 complaint(s) from United States.
75
Severe risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • No verified regulatory license on file
  • 16 user exposure/complaint reports filed
  • Withdrawal complaints in ~126% of recent reviews
  • No verifiable website or social-media presence
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing8535%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints10012%
Offshore registration108%
Transparency (site/info/social)7510%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameDOUBLE DRILL LIMITED
Headquarters🇬🇧 United Kingdom
Founded2021-04-09
Years operating5-10 years
Employees0
Official websitedoubledrill.net
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods · --
Withdrawal methods · --
Instruments--

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Account types · 4

AccountMax leverageMin. depositMin. spreadCommissionEA
VIP--$50,000From 0.0$5✓
GOLD--$25,000From 1.1--✓
SILVER--$10,000From 1.3--✓
Classic--$5,000From 1.5--✓

Review analysis AI

Double Drill presents significant risks due to its complete lack of regulatory oversight. The high minimum deposits combined with undisclosed leverage and vague platform details suggest a lack of transparency. Traders should exercise extreme caution and consider the absence of regulatory protections before engaging with this broker.

Best for
  • Traders comfortable with high deposit requirements
  • Experienced traders seeking unregulated broker services (high risk)
Not for
  • Risk-averse traders
  • Traders requiring regulatory protection
  • Beginners or those with limited capital
Period:
What users complain about
Where reviewers are from
Hong Kong11
Canada6
United States4
Mexico1
Chile1

Real user reviews

Where DOUBLE DRILL operates

Based on its licenses and complaint records.

🇨🇦 Canada 3 complaints
🇨🇱 Chile 1 complaint
🇭🇰 Hong Kong 10 complaints
🇺🇸 United States 2 complaints

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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What DOUBLE DRILL says about itself as stated by the broker · not independently verified by FXCanary

Company Overview

Double Drill claims to be a global online foreign exchange (Forex) and contracts for differences (CFD) broker. According to its website, the broker provides high-speed and stable trading platforms and low margin quotations. It states that it serves over 100,000 retail and institutional customers in more than 70 countries.

Trading Products

The broker claims to offer trading products including foreign exchange and other connection services. It does not specify additional instrument classes such as commodities, indices, or cryptocurrencies in the available information.

Account Types

Double Drill advertises four account tiers: Classic, Silver, Gold, and VIP. Minimum deposit requirements are $5,000 for Classic, $10,000 for Silver, $25,000 for Gold, and $50,000 for VIP. The broker does not disclose maximum leverage for any account type on its site.

Client Base and Reach

The broker asserts that it caters to a large client base across 70 countries, both retail and institutional. It positions itself as a provider of high-speed and stable trading execution for a global audience.

About DOUBLE DRILL

Who Is Double Drill?

Double Drill is a United Kingdom-registered online brokerage that focuses on foreign exchange (forex) and contracts for differences (CFD) trading. The company was incorporated on 9 April 2021. Its official website is doubledrill.net. Despite its UK registration, the broker does not hold any regulatory authorisation from a financial regulator, which is a significant factor for traders to consider.

Regulatory Status

Our research has found no active financial regulatory licences for Double Drill. The broker operates without oversight from major authorities such as the Financial Conduct Authority (FCA) in the UK or the Cyprus Securities and Exchange Commission (CySEC). This absence of regulation means that traders may not benefit from protections like compensation schemes or dispute resolution mechanisms typically associated with regulated firms.

Account Tiers and Minimum Deposits

Double Drill offers four account types: Classic, Silver, Gold, and VIP. The minimum deposits increase significantly across tiers, starting at $5,000 for the Classic account and rising to $50,000 for the VIP account. The broker does not disclose the maximum leverage for any of these accounts on its website. For comparison, most regulated brokers offer lower minimum deposits and transparent leverage information.

Trading Platform and Instruments

The broker states that it provides a high-speed and stable trading platform, though it does not specify the platform technology (e.g., MetaTrader or proprietary). Trading instruments mentioned are limited to forex and other connection services, without a detailed list of available CFD products. The lack of clarity on platforms and instruments is a notable omission.

Client Base and Global Reach

According to its website, Double Drill serves over 100,000 retail and institutional clients in more than 70 countries. While these figures may attract attention, independent verification is not possible given the broker's unregulated status. Traders should exercise caution when evaluating such claims.

Company Profile and Background

Double Drill Limited is incorporated in the United Kingdom, but its operations appear to be global. The broker does not provide substantial information about its management team or office locations beyond the UK registration. This lack of transparency is common among unregulated brokers.

Deposits and Withdrawals

The broker's website does not clearly list accepted deposit methods or withdrawal procedures. This information is critical for traders to understand how funds are handled. The omission of payment details further underscores the need for caution when dealing with this broker.

Overview compiled by FXCanary from regulatory records and public data. full DOUBLE DRILL review