Incomation fails to provide ownership or executive information on its website.

Incomation operates from a subdomain hosted on Kartra (“”).

Kartra markets itself as “the greatest all-in-one platform ever”. Kartra is part of Genesis Digital LLC, a US company run by CEO Sarah Jenkins.

As far as I can tell, whoever is running Incomation is a client of Kartra’s – there’s otherwise no direct connection between the two companies.


Update 18th May 2023 – As of a few days ago Incomation’s Katra website went down.

As of a few hours ago, new Incomation front-end website has been set up on SamCart. /end update


At the bottom of Incomation’s website are a series of links under the heading “Connect with our Founder”.

These links lead to various social media profiles of Jamie Divine.

According to his FaceBook profile, Divine is a Canadian national living in the Philippines.

Before he launched Incomation, Divine was an Eaconomy promoter.

Eaconomy launched in 2019. The company came about after Hassan Mahmoud and wife Candace split from convicted fraudster David Mayer.

Before Eaconomy the Mahmouds and Mayer ran Silver Star Live. Both Silver Star Live and Eaconomy were MLM companies built around an AI forex trading bot.

The Mahmouds settled Silver Star Live commodities fraud charges with the CFTC in 2019. In 2021 the CFTC secured a $15.6 million judgment against David Mayer, again for Silver Star Live commodities fraud.

Eaconomy collapsed in 2020. In 2021 there was a brief Eaconomy reboot through Jeremy Reynolds’ Beyond.

That lasted a few months before Beyond itself collapsed and was sold off to My Daily Choice.

In early 2021 Eaconomy was rebooted for a a third-time, with the same AI forex trading bot ruse.

Eaconomy’s website is still up as of April 2023 but there’s not much going on.

Here’s a quote from Jamie Divine as he was launching Incomation;

Are you done with building up projects just to have them crash and burn?

Are you tired of companies that don’t have your best interests at heart?

Sick of being used for your networks and then left in the dust?

Are you fed up with over-promising and under-delivering?

Well, I have some exciting news for you!

We are introducing a revolutionary new AI trading system that leverages prop firm funds, but with a heart for the clients AND affiliates.

I know that was a lot of backstory to get back to Incomation. I’ll go over why I took the time to cover Eaconomy’s origins in-depth in the conclusion of this review.

Read on for a full review of Incomation’s MLM opportunity.

Incomation’s Products

Incomation markets passive returns through an “A.I. trading bot”.

Access to the bot costs $1500 for a $100,000 funded account, or $2000 for a $200,000 funded account.

Funded accounts are primarily provided by Next Step Funded, with Incomation representing Next Step Funded will eat any losses.

Am I responsible for any losses on the account?

No, the losses are completely covered by the prop firm which is why they have such strict requirements to pass their challenges and maintain the accounts.

We’ll go over Next Step Funded a bit more in the conclusion of this review.

Incomation’s Compensation Plan

Incomation affiliates are paid on the recruitment of retail customers and affiliates who invest $1500 or $2000.

Referral Commissions

Incomation pays a referral commission on funds invested down two levels of recruitment (unilevel):

  • level 1 (personally recruited affiliates) – 20%
  • level 2 – 10%

This is a one-time commission tied to initial investment.

ROI Commissions

Incomation pays a commission on passive returns earned down two levels of recruitment:

  • level 1 – 20%
  • level 2 – 10%

This is a monthly recurring commission, tied to passive returns paid out each month.

Joining Incomation

Incomation affiliate membership is tied to a $1500 or $2000 investment.

The more an Incomation affiliate invests the higher their income potential.

Incomation Conclusion

Incomation sells access to $100,000 and $200,000 forex trading accounts for $1500 and $2000 respectively.

Subject to some “challenges”, apparently there’s a firm willing to let people blow up hundreds of thousands of dollars for a tiny outlay.

Do I need to point out this is an utterly stupid business model that makes no sense in the real world?

Next Step Funded provides no ownership, executive or regulatory information on its website.

Next Step Funded’s website domain (“”), was only recently privately registered on October 9th, 2022.

And there’s this, from Next Step Funded’s website terms and conditions:

These Terms are governed by the laws of Saint Vincent and the Grenadines and each party irrevocably and unconditionally submits to the non-exclusive jurisdiction of the courts of Saint Vincent and the Grenadines.

St. Vincent and the Grenadines is a tax haven with no active regulation of MLM related fraud.

I also noted referenced to MDP Funding, which appears to be another funded trading account option.

MDP Funding is another company that doesn’t disclose anything about itself, other than it purportedly operates through Australian shell company Prop Trade Tech.

Like Next Step Funded, MDP Funding’s website domain (“”), was only recently privately registered on December 11th, 2022.

These are your first red flags when it comes to Incomation.

Having been an Eaconomy promoter, Incomation is just Jamie Divine copy and pasting the same A.I. trading bot model.

The problem with every trading bot MLM scheme is that if the bot actually worked long-term, there’d be no need for an attached MLM scheme.

Just run the bot, rake in infinity money and become one of the richest people on the planet.

On the regulatory front Incomation fails to disclose any information about its purported A.I. trading bot. With respect to regulatory licenses, the two at play here are securities and commodities.

Securities law covers any MLM company offering a passive investment opportunity. This is irrespective of how the investment opportunity is run or the medium (USD, cryptocurrency etc.).

Commodities laws kick in due to Incomation representing passive returns are derived via forex trading.

In the US, Incomation needs to be registered with the CFTC and SEC. Neither Incomation or Jamie Devine are registered with either regulator.

Next Step Funded doesn’t appear to be registered with any financial regulators either.

I did note this from Next Step Funded’s website FAQ;

Which Platforms Can I Use for My Trading?

You are permitted to trade your account with the MT4 platform which is provided by ASIC-regulated broker EightCap.

This is irrelevant. Incomation and Next Step Funded are both required to be registered with securities and commodities regulators in every jurisdiction they solicit investment in.

Unfortunately Incomation’s website doesn’t receive enough traffic for SimilarWeb to provide a geographical breakdown.

What I can provide you though is applicable regulators for admins of Incomation’s official FaceBook group:

  • Jamie Divine – resident of Philippines, securities and commodities regulated by Philippine SEC
  • Anfa Joy Samboa – appears to be resident of Philippines, securities and commodities regulated by Philippine SEC
  • Will J. Galindez – resident of Illinois in the US, securities regulated by SEC and commodities regulated by CFTC
  • Nicholas V. LoScalzo – resident of Kansas in the US, securities regulated by SEC and commodities regulated by CFTC
  • Ollie Gray, resident of Worcestershire in the UK, securities and commodities regulated by FCA

None of these individuals appear to be registered with the applicable financial regulators.

What tends to happen in these dodgy trading bot schemes is the accounts inevitably blow up. Next Step Funded being around since late 2022 with anonymous ownership is testament to that.

With respect to losses, any money paid to Incomation is gone the moment it’s handed over.

This is from Next Step Funded’s website FAQ;

Do you offer refunds?

If you are purchasing an evaluation through Next Step Funded you are doing so in acknowledgement that you will not be refunded.

You’re basically hoping to recover your fees through the A.I. trading bot before the account blows up or Next Step Funded disappears.

Incomation’s regulatory shortcomings are reason enough to stay well-clear.

Look no further than Eaconomy for the inspiration behind Incomation, along with evidence that, even after four years, nobody has made long-term consistent money through trading.


Update 23rd December 2023 – Jamie Devine has popped up in the comments below to let us know Incomation, as reviewed here, has collapsed.