{
    "success": true,
    "data": {
        "leverage": true,
        "derivatives": true,
        "swaps": false,
        "inverse": false,
        "replication_method": null,
        "ucits": false,
        "type": "ETP",
        "complex_factors": [
            "Leverage",
            "Compounding Effect",
            "High Risk Indicator"
        ],
        "classification": "complex",
        "supporting_data": "The product is classified as 'complex' primarily due to its leveraged nature (3x daily performance), which is explicitly stated to result in returns that are likely to differ from the underlying asset's performance over periods longer than one day. This difference is attributed to the 'Compounding Effect,' which is magnified by higher leverage and longer holding periods. The KID also clearly categorizes the product as 'Class 7 out of 7' (highest risk). The document explicitly states: 'You are about to purchase a product that is not simple and may be difficult to understand.' While not a UCITS ETF, the principles of complexity due to leverage and difficult-to-understand effects apply. The product is an ETP (Exchange Traded Product) and not a UCITS ETF, as it does not appear to meet UCITS diversification and investment restrictions, especially with its leveraged objective. The underlying exposure is managed through a 'Margin Account' and 'Collateral Assets', indicating a structure that may involve derivatives or other instruments not typically found in standard UCITS ETFs. The explicit warning about the product not being simple further supports the complex classification."
    }
}