{
    "success": true,
    "data": {
        "leverage": true,
        "derivates": true,
        "swaps": true,
        "inverse": false,
        "replication_method": "synthethic",
        "ucits": true,
        "type": "ETP",
        "complex_factors": [
            "Leverage",
            "Daily Reset Compounding Effect",
            "Futures Contracts",
            "Roll Costs"
        ],
        "classification": "complex",
        "supporting_data": "The WisdomTree FTSE 250 2x Daily Leveraged ETP is classified as complex due to several factors.  Firstly, it's a 2x daily leveraged product, meaning its daily returns are twice the FTSE 250 index.  This inherent leverage significantly amplifies both gains and losses, making it riskier for retail investors and a complex element to understand.  The KID itself highlights the compounding effect of the daily reset mechanism which makes the product's long-term returns deviate from simply doubling the index's return. The ETP's description states its use of futures contracts to track the index, introducing complexities that are difficult for a retail investor with only basic knowledge to grasp.  The reference to 'rolling' of futures contracts further indicates the presence of complex strategies. The complexity is also emphasised by the inclusion of a comprehension alert in the KID, explicitly stating the product's difficulty to understand.  Based on the ESMA guidelines and MiFID II criteria, the use of leverage, derivatives (futures contracts), the daily reset compounding effect, and the rolling of futures contracts combine to make this a complex product unsuitable for retail investors without prior experience in leveraged or derivatives-based investments."
    }
}