Does this include the fund’s own charges?

No. Miw reads your broker statement, and a fund’s ongoing charge is taken inside the fund’s price rather than billed to you. What you see here is what your broker charged.

How is the currency conversion cost estimated?

From the euro leg of each conversion at the broker’s published auto-FX rate. It is an estimate and labelled as one, because the spread is not itemised on the statement.

Why express costs in basis points?

Because it is the unit funds use, so your trading costs become directly comparable to the ongoing charge of the ETF you might buy instead.

COSTS

What is your broker really costing you?

Commission is the cost people notice. Currency conversion, connectivity charges, ADR fees and stamp duty are the ones that add up quietly, because they arrive as separate small lines that never appear next to each other.

Import your statementNo account needed. The file is read in your browser and stays there.

Small lines, one big number

A €2 commission looks trivial. Two hundred of them, plus a quarter-percent on every currency conversion, plus a monthly exchange connectivity charge, is a figure worth seeing in one place. The right way to judge it is not the euro total but the drag: costs as a share of what you actually hold, per year, in basis points — the same unit a fund quotes its ongoing charge in.

Comparable to a fund’s ongoing charge

A broad index ETF costs around 0.20% a year. Expressing your own trading costs the same way makes them comparable to the thing you are probably buying — and occasionally shows that the account costs more to run than the funds inside it. Miw separates the cost types rather than lumping them, because they have different cures: fewer trades, fewer conversions, or a different broker entirely.

What Miw shows you

Every cost your statement records, grouped and attributed.

Transaction commission, connectivity, ADR fees, stamp duty and debit interest, separately
Estimated currency-conversion spread, deduplicated across the rows brokers repeat
Cost drag as a percentage of average assets, and annualised in basis points
Which holdings your costs actually went on, and how the total moved year by year

Questions

Does this include the fund’s own charges?: No. Miw reads your broker statement, and a fund’s ongoing charge is taken inside the fund’s price rather than billed to you. What you see here is what your broker charged.
How is the currency conversion cost estimated?: From the euro leg of each conversion at the broker’s published auto-FX rate. It is an estimate and labelled as one, because the spread is not itemised on the statement.
Why express costs in basis points?: Because it is the unit funds use, so your trading costs become directly comparable to the ongoing charge of the ETF you might buy instead.

Descriptive, not advice. Every cost shown comes from a line in your own statement.

Start from your broker

The figures come from the statement your broker already gives you — nothing is typed in by hand.

Import your statement