Current wireless communication technologies are insufficient in the face of ever-increasing demands. Therefore, novel and high-performance communication systems are needed. In this paper, a novel high data rate and high-performance index modulation scheme called double media-based modulation (DMBM) is proposed. The DMBM system doubles the number of mirror activation patterns (MAPs) and the number of transmitted symbols compared to the traditional MBM system during the same symbol period. In this way, the spectral efficiency of the DMBM is doubled and the error performance improves as the number of bits carried in the indices increases. Performance analysis of the DMBM scheme is evaluated for $M$-ary quadrature amplitude modulation ($M$-QAM) on Rayleigh fading channels. The error performance of the proposed DMBM system is compared with spatial modulation (SM), quadrature SM (QSM), MBM, and double SM (DSM) techniques. Also, the throughput, complexity, energy efficiency, spectral efficiency, and capacity analyses for the proposed DMBM system and SM, QSM, MBM, and DSM systems are presented. All analysis results show that the proposed DMBM system is superior to the compared systems.