{
    "fund_name": "WisdomTree Long EUR Short USD 3x Daily",
    "type": "ETP",
    "ucits": false,
    "replication_method": "synthetic",
    "leverage": true,
    "inverse": false,
    "derivatives": true,
    "swaps": true,
    "complex_factors": [
        "3x daily leverage",
        "Synthetic replication using FX forward contracts",
        "Unfunded swap structure",
        "Counterparty risk exposure",
        "High volatility compounding effects",
        "Recommended holding period of 1 day"
    ],
    "classification": "complex",
    "supporting_data": "The product is classified as complex under MiFID II due to multiple factors: 1) 3x daily leverage creates significant volatility and compounding effects that are difficult for retail investors to understand; 2) Synthetic replication via FX forward contracts introduces counterparty risk and requires understanding of swap mechanics; 3) The recommended holding period of 1 day indicates this is designed for short-term trading rather than long-term investment; 4) The risk profile (7/7) and warnings about potential total loss align with complex product characteristics. While the product is fully collateralized, the combination of leverage, synthetic structure, and short-term trading nature makes it unsuitable for retail investors without specialized knowledge.",
    "confidence": 95
}