{
    "success": true,
    "data": {
        "leverage": true,
        "derivatives": true,
        "swaps": true,
        "inverse": true,
        "replication_method": "synthetic",
        "ucits": true,
        "type": "ETP",
        "complex_factors": [
            "Leverage (3x daily)",
            "Use of FX forward contracts",
            "Daily resetting of leverage (compounding effect)",
            "High risk rating (7/7)"
        ],
        "classification": "complex",
        "supporting_data": "The WisdomTree Long USD Short EUR 3x Daily ETP is explicitly designed to offer a leveraged exposure (3 times the daily performance). The use of FX forward contracts for replication means that derivatives are integral to the product's strategy. The daily resetting of leverage introduces a compounding effect, which is a complex mechanism that can lead to significant deviations from the index's performance over longer periods. The product has a high-risk rating (7 out of 7), indicating significant risk. The KID also states, 'You are about to purchase a product that is not simple and may be difficult to understand.' Based on MiFID II guidelines, products with leveraged and derivative-based strategies that are difficult for a retail investor to understand are classified as complex."
    }
}