While Covid-19 has impeded our ability to travel, as the industry looks set to return we review ways we can do it more sustainbly. Courtesy Beyond Green
While Covid-19 has impeded our ability to travel, as the industry looks set to return we review ways we can do it more sustainbly. Courtesy Beyond Green
While Covid-19 has impeded our ability to travel, as the industry looks set to return we review ways we can do it more sustainbly. Courtesy Beyond Green
While Covid-19 has impeded our ability to travel, as the industry looks set to return we review ways we can do it more sustainbly. Courtesy Beyond Green

Earth Day 2021: Seven ways to travel more sustainably


Hayley Skirka
  • English
  • Arabic

The Covid-19 crisis brought the world's travel and tourism industry to a standstill. As countries around the world closed borders, grounded flights and imposed new entry restrictions in a bid to prevent the virus spreading, people cancelled holiday plans and aviation plunged to its worst crisis.

Today, as vaccine programmes roll-out and case numbers in several countries begin to drop, restrictions are beginning to ease and it looks likely that it won't be too long before travel returns.

But this forced pause for the travel community should be a pause for thought.

Restarting travel can be done sustainably. Choosing eco-friendly accommodation like this traditional shepherd hut in Scotland is an easy way to make a difference. VisitScotland / Danny Bonna
Restarting travel can be done sustainably. Choosing eco-friendly accommodation like this traditional shepherd hut in Scotland is an easy way to make a difference. VisitScotland / Danny Bonna

Every year on April 22, Earth Day is celebrated to remind us how fragile our planet is. In 2021, as we emerge from the brink of a worldwide emergency with the prospect of travel lingering, it is critical that we ensure tourism restarts in a more sustainable manner.

As people tentatively start to plan future holidays, now is the time to consider what kind of travellers we want to be, and the impact that our holiday plans can have on other people and our planet.

In line with Earth Day 2021's theme of Restore Our Earth, here are seven ways to travel sustainably.

1. Find destinations that takes sustainability seriously

When it comes to travelling, the shorter the distance from home, the lower your carbon footprint will be. But as the world reopens, people are planning to go further afield. When you're deciding where to go, consider how much value a country places on sustainability.

A new report by Euromonitor International details the nations around the world making efforts to be sustainable, declaring Sweden is the number one country for sustainable tourism, closely followed by Finland, Austria, Estonia and Norway.

That's not to say that only countries ranked in this report can be on your travel list. Other destinations are also working to become more sustainable, including Scotland, the first country in the world to sign the Tourism Declares a Climate Emergency pledge and Palau, where visitors must sign a climate promise upon arrival. Do your research before you travel to ensure the destination you're going to values sustainability and has the Earth and its survival firmly in its plans for the future.

2. Consider alternative means of transport

Consider alternative means of getting to your destination, such as travelling by rail. Courtesy VisitScotland / Airborne Lens
Consider alternative means of getting to your destination, such as travelling by rail. Courtesy VisitScotland / Airborne Lens

Airlines around the world are keen to get travellers back in the air, meaning there are bargain flights to be had. However, before you book that dream deal, stop and consider how getting to your destination will impact on your tourist footprint.

If you do need to fly, be sure to go with an airline that is taking sustainability seriously. Etihad, the national airline of the UAE, has pledged zero net carbon emissions by 2050 and is working to test various eco-friendly initiatives in support of sustainable aviation. In the US, United Airlines recently announced it will be the first airline to be 100 per cent green by 2050 and instead of simply offsetting carbon, it plans to use Direct Air Capture Technology to pull carbon out of the air.

If you can get to your destination by another means of transportation, not only will you avoid flygskam, or flight shaming, you'll consciously be able to lower your tourism footprint. Trains typically emit the lowest levels of greenhouse gases and also offer an opportunity for slow travel, coupled with views of your destination that you can't get from any other vantage point.

If you're island hopping, sail instead of taking a power-engine boat and if you're road-tripping across country, opt to car share or better yet hire an electric set of wheels.

3. Stay in eco-accommodation

Three Camel Lodge in the Gobi Desert will open on May 10 as a sustainable choice for travellers in Mongolia. Courtesy Beyond Green
Three Camel Lodge in the Gobi Desert will open on May 10 as a sustainable choice for travellers in Mongolia. Courtesy Beyond Green

There are so many different types of eco-accommodations and no one-size-fits-all policy on what the term actually means, so it can get a little overwhelming.

Essentially, an eco-friendly hotel is one that is built or operated in such a way as to minimise the carbon footprint of its operation, as well as the carbon footprint of those who work and stay there. These hotels, guesthouses and resorts are often also designed to have a positive impact on the environment and the local community.

"Use sustainable booking tools to help make planning easier," says Christina Beckmann, founder of Tomorrow's Air, a carbon removal collective. "The more travellers demand sustainability, the more services we find enabling it. The best thing to do when reserving a hotel is to ask the hotel about their sustainable policies. Sustainable businesses will be happy you asked and eager to share their efforts around water use, energy sources and use, waste management and local hiring."

Resources for finding sustainable accommodation and travel information include: 

  • Green Key
  • Ecobnb
  • Eco Hotels
  • Bee&Hive
  • Book Different
  • Regenerative Travel
  • Green Pearls
  • Adventure.travel

From places such as the privately owned Islas Secas in Panama, where marine conservation is at the heart of the 14-island archipelago; to Indonesia's Bawah Reserve, a true eco-retreat in the remote Anambas Islands, there is an eco-option for everyone.

Travelling sustainably means giving eco-consideration to where you're going, how you're getting there and where you plan to stay. Courtesy Wilderness Safaris
Travelling sustainably means giving eco-consideration to where you're going, how you're getting there and where you plan to stay. Courtesy Wilderness Safaris

Across Africa, Great Plains Conservation offers eco-friendly luxury safaris for those keen to see the big five game animals. These retreats rely on solar power, solar battery systems, recycled materials and biomasses. The company also allows travellers to offset their carbon footprint by donating to the Great Plains Foundation’s tree-planting or solar lantern programmes.

Earlier this month, the Preferred Hotel Group launched Beyond Green, a collection of 27 properties around the world designed for travellers looking for sustainable getaways where luxury is guaranteed.

Banyan Tree Hotels & Resorts have also recently announced plans to partner with Earthday.org to support their reforestation programme.

4. Travel longer and slower

The newly launched Beyond Green includes 24 founding member properties, all of which are luxury sustainable hotels and resorts. Courtesy Beyond Green
The newly launched Beyond Green includes 24 founding member properties, all of which are luxury sustainable hotels and resorts. Courtesy Beyond Green

One positive thing to have come out of the Covid-19 pandemic that could work in favour of sustainable tourism is an increase in remote working policies. Several companies around the world now allow employees to work from somewhere other than the office and this has led to a rise in long-stay workation packages.

When people take longer trips, they are more likely to use more sustainable methods of transport getting around in their destination. A bus or train ride may take longer than a domestic flight, but it's more sustainable and, if you have the time to do it, offers a much more engaged travel experience.

"Stay as long as you can, leverage any 'digital nomad' potential available to you, this will naturally cause you to burrow deeper into a place. You'll get to know its quirks, learn more, spread your money around, and have more stories to tell when you get back home," advised Beckmann.

Staying longer in a place also means that overtourism caused by day-trippers becomes somewhat irrelevant. By staying overnight, travellers can visit popular attractions before or after day-trippers have left, therefore diluting their own tourist footprint.

Spending money during your stay at local eateries and hotels also means that revenue goes directly back into the local community, rather than to large hotel chains or travel agents based out of town.

5. Pack a sustainable suitcase

Packing an eco-friendly bag is an easy way to reduce your travel footprint. Unsplash
Packing an eco-friendly bag is an easy way to reduce your travel footprint. Unsplash

Start with the basics and make sure your bag is eco-friendly. Samsonite has launched a new lightweight luggage collection to celebrate Earth Day 2021. It's called Magnum Eco and is made from recycled PET bottles and yoghurt tops.

Once you've found a sustainable bag, be conscious of what you put in it.

  • Replace bottles of shampoo, conditioner, soap and deodorant cans with plastic and packaging-free solid bars.
  • Pack a bamboo toothbrush. You may not want to take your electric toothbrush with you when you travel, but don't opt for a plastic alternative that will likely end up in the ocean.
  • Take reusable keep-cups or water bottles. Not only does this allow you to fill up from water sources on the go, it also makes using water sanitising tablets easier.
  • Choose reef-safe sunscreen. Research shows that many sunscreens contain oxybenzone or octinoxate, both of which can be harmful to the environment. Check ingredient lists before purchasing products and opt for brands approved by the International Coral Reef Foundation (ICRF). In the UAE, the all-new SunKiss range is toxic and paraben-free, it comes packaged in recyclable and refillable aluminium and is currently under the process of gaining ICRF approval.

6. Always go local

Booking local experiences and activities allow tourists to give back to the local community. Courtesy Islas Secas
Booking local experiences and activities allow tourists to give back to the local community. Courtesy Islas Secas

In the most sustainable destinations, the locals want tourists to come and offer a range of experiences to visitors that also give something back to the community. As a traveller, seek out these experiences from on-the-ground providers rather than booking through large travel agents out of town.

Consider biking or walking tours to ensure you don't add to the local carbon count, and hire a guide who can share the secrets of their home town. If you're looking for activities, contemplate things that combine experiences with environmental benefits, such as beach clean-ups or turtle-monitoring patrols.

Skip the pre-holiday clothes shopping and instead purchase some items locally from a small business when you arrive in your destination. When you're shopping, be conscious of your consumption by asking retailers about their environmental impact and the conditions for their workers, and opt to buy local by largely avoiding malls, chain stores and large markets. Eco-friendly boutiques, museum stores and shops stocked with goods made in the village, town or city you're visiting are good places to start.

7. Accept your social responsibility as a traveller

Non-motorised water activites are a good choice for lowering your sustainable travel footprint. Courtesy Islas Secas
Non-motorised water activites are a good choice for lowering your sustainable travel footprint. Courtesy Islas Secas

Akin to Corporate Social Responsibility, Traveller Social Responsibility is a concept that places responsibility on travellers to commit to treading lightly on the land they visit while respecting the people and culture they are visiting.

Following a TSR-led way of travel means approaching it under the direction of various sustainable pillars – from supporting the development of a destination by consuming local products and services, to finding out more about any place visited by learning about customs, dialects, traditions and social norms.

Respecting diversity, minimising impact, avoiding excessive consumption or waste of water and paying attention to how spaces exist in a destination to ensure travellers don’t alter local life, also play a major role in the philosophy.

Accepting your social responsibility as a traveller means being aware of social and cultural issues every time you travel and understanding that your presence in a place will impact the destination and the people you meet. Embracing that responsibility means the effort of trying to make your impact, wherever in the world you go, a positive one.

The specs

Price, base: Dh228,000 / Dh232,000 (est)
Engine: 5.7-litre Hemi V8
Transmission: Eight-speed automatic
Power: 395hp @ 5,600rpm
Torque: 552Nm
Fuel economy, combined: 12.5L / 100km

Founders: Abdulmajeed Alsukhan, Turki Bin Zarah and Abdulmohsen Albabtain.

Based: Riyadh

Offices: UAE, Vietnam and Germany

Founded: September, 2020

Number of employees: 70

Sector: FinTech, online payment solutions

Funding to date: $116m in two funding rounds  

Investors: Checkout.com, Impact46, Vision Ventures, Wealth Well, Seedra, Khwarizmi, Hala Ventures, Nama Ventures and family offices

Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

Bloomberg

Our Time Has Come
Alyssa Ayres, Oxford University Press

Thank You for Banking with Us

Director: Laila Abbas

Starring: Yasmine Al Massri, Clara Khoury, Kamel El Basha, Ashraf Barhoum

Rating: 4/5

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%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3EDual%20permanently%20excited%20synchronous%20motors%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E516hp%20or%20400Kw%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E858Nm%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESingle%20speed%20auto%3Cbr%3E%3Cstrong%3ERange%3A%20%3C%2Fstrong%3E485km%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh699%2C000%3C%2Fp%3E%0A
The specs

Engine: 8.0-litre, quad-turbo 16-cylinder

Transmission: 7-speed auto

0-100kmh 2.3 seconds

0-200kmh 5.5 seconds

0-300kmh 11.6 seconds

Power: 1500hp

Torque: 1600Nm

Price: Dh13,400,000

On sale: now

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Tips for job-seekers
  • Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
  • Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.

David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East

Squads

India (for first three ODIs) Kohli (capt), Rohit, Rahul, Pandey, Jadhav, Rahane, Dhoni, Pandya, Axar, Kuldeep, Chahal, Bumrah, Bhuvneshwar, Umesh, Shami.

Australia Smith (capt), Warner, Agar, Cartwright, Coulter-Nile, Cummins, Faulkner, Finch, Head, Maxwell, Richardson, Stoinis, Wade, Zampa.

About Krews

Founder: Ahmed Al Qubaisi

Based: Abu Dhabi

Founded: January 2019

Number of employees: 10

Sector: Technology/Social media 

Funding to date: Estimated $300,000 from Hub71 in-kind support

 

Virtual banks explained

What is a virtual bank?

The Hong Kong Monetary Authority defines it as a bank that delivers services through the internet or other electronic channels instead of physical branches. That means not only facilitating payments but accepting deposits and making loans, just like traditional ones. Other terms used interchangeably include digital or digital-only banks or neobanks. By contrast, so-called digital wallets or e-wallets such as Apple Pay, PayPal or Google Pay usually serve as intermediaries between a consumer’s traditional account or credit card and a merchant, usually via a smartphone or computer.

What’s the draw in Asia?

Hundreds of millions of people under-served by traditional institutions, for one thing. In China, India and elsewhere, digital wallets such as Alipay, WeChat Pay and Paytm have already become ubiquitous, offering millions of people an easy way to store and spend their money via mobile phone. Indonesia, Vietnam and the Philippines are also among the world’s biggest under-banked countries; together they have almost half a billion people.

Is Hong Kong short of banks?

No, but the city is among the most cash-reliant major economies, leaving room for newcomers to disrupt the entrenched industry. Ant Financial, an Alibaba Group Holding affiliate that runs Alipay and MYBank, and Tencent Holdings, the company behind WeBank and WeChat Pay, are among the owners of the eight ventures licensed to create virtual banks in Hong Kong, with operations expected to start as early as the end of the year. 

India squads

T20: Rohit Sharma (c), Shikhar Dhawan, KL Rahul, Sanju Samson, Shreyas Iyer, Manish Pandey, Rishabh Pant, Washington Sundar, Krunal Pandya, Yuzvendra Chahal, Rahul Chahar, Deepak Chahar, Khaleel Ahmed, Shivam Dube, Shardul Thakur

Test: Virat Kohli (c), Rohit Sharma, Mayank Agarwal, Cheteshwar Pujara, Ajinkya Rahane, Hanuma Vihari, Wriddhiman Saha (wk), Ravindra Jadeja, Ravichandran Ashwin, Kuldeep Yadav, Mohammed Shami, Umesh Yadav, Ishant Sharma, Shubman Gill, Rishabh Pant

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home. 

UAE currency: the story behind the money in your pockets
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%3Cp%3E%3Cstrong%3EDisplay%3A%3C%2Fstrong%3E%206.7%22%20Super%20Retina%20XDR%20OLED%2C%202796%20x%201290%2C%20460ppi%2C%20120Hz%2C%202000%20nits%20max%2C%20HDR%2C%20True%20Tone%2C%20P3%2C%20always-on%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EProcessor%3A%3C%2Fstrong%3E%20A16%20Bionic%2C%206-core%20CPU%2C%205-core%20GPU%2C%2016-core%20Neural%20Engine%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMemory%3A%3C%2Fstrong%3E%206GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECapacity%3A%3C%2Fstrong%3E%20128%2F256%2F512GB%20%2F%201TB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPlatform%3A%3C%2Fstrong%3E%20iOS%2016%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMain%20camera%3A%3C%2Fstrong%3E%20Triple%2048MP%20main%20(f%2F1.78)%20%2B%2012MP%20ultra-wide%20(f%2F2.2)%20%2B%2012MP%20telephoto%20(f%2F2.8)%2C%206x%20optical%2C%2015x%20digital%2C%20Photonic%20Engine%2C%20Deep%20Fusion%2C%20Smart%20HDR%204%2C%20Portrait%20Lighting%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMain%20camera%20video%3A%3C%2Fstrong%3E%204K%20%40%2024%2F25%2F30%2F60fps%2C%20full-HD%20%40%2025%2F30%2F60fps%2C%20HD%20%40%2030fps%2C%20slo-mo%20%40%20120%2F240fps%2C%20ProRes%20(4K)%20%40%2030fps%3B%20night%2C%20time%20lapse%2C%20cinematic%2C%20action%20modes%3B%20Dolby%20Vision%2C%204K%20HDR%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFront%20camera%3A%3C%2Fstrong%3E%2012MP%20TrueDepth%20(f%2F1.9)%2C%20Photonic%20Engine%2C%20Deep%20Fusion%2C%20Smart%20HDR%204%2C%20Portrait%20Lighting%3B%20Animoji%2C%20Memoji%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFront%20camera%20video%3A%3C%2Fstrong%3E%C2%A04K%20%40%2024%2F25%2F30%2F60fps%2C%20full-HD%20%40%2025%2F30%2F60fps%2C%20slo-mo%20%40%20120%2F240fps%2C%20ProRes%20(4K)%20%40%2030fps%3B%20night%2C%20time%20lapse%2C%20cinematic%2C%20action%20modes%3B%20Dolby%20Vision%2C%204K%20HDR%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBattery%3A%3C%2Fstrong%3E%204323mAh%2C%20up%20to%2029h%20video%2C%2025h%20streaming%20video%2C%2095h%20audio%3B%20fast%20charge%20to%2050%25%20in%2030min%3B%20MagSafe%2C%20Qi%20wireless%20charging%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EConnectivity%3A%3C%2Fstrong%3E%20Wi-Fi%2C%20Bluetooth%205.3%2C%20NFC%20(Apple%20Pay)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBiometrics%3A%3C%2Fstrong%3E%20Face%20ID%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EI%2FO%3A%3C%2Fstrong%3E%20Lightning%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDurability%3A%3C%2Fstrong%3E%20IP68%2C%20dust%2Fsplash%2Fwater%20resistant%20up%20to%206m%20up%20to%2030min%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECards%3A%3C%2Fstrong%3E%20Dual%20eSIM%20%2F%20eSIM%20%2B%20eSIM%20(US%20models%20use%20eSIMs%20only)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EColours%3A%3C%2Fstrong%3E%20Deep%20purple%2C%20gold%2C%20silver%2C%20space%20black%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIn%20the%20box%3A%3C%2Fstrong%3E%20iPhone%2014%20Pro%20Max%2C%20USB-C-to-Lightning%20cable%2C%20one%20Apple%20sticker%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20Dh4%2C699%20%2F%20Dh5%2C099%20%2F%20Dh5%2C949%20%2F%20Dh6%2C799%3C%2Fp%3E%0A
The biog

Name: Greg Heinricks

From: Alberta, western Canada

Record fish: 56kg sailfish

Member of: International Game Fish Association

Company: Arabian Divers and Sportfishing Charters

Company Profile

Company name: Fine Diner

Started: March, 2020

Co-founders: Sami Elayan, Saed Elayan and Zaid Azzouka

Based: Dubai

Industry: Technology and food delivery

Initial investment: Dh75,000

Investor: Dtec Startupbootcamp

Future plan: Looking to raise $400,000

Total sales: Over 1,000 deliveries in three months

Classification of skills

A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation. 

A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.

The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000. 

Pakistan Super League

Previous winners

2016 Islamabad United

2017 Peshawar Zalmi

2018 Islamabad United

2019 Quetta Gladiators

 

Most runs Kamran Akmal – 1,286

Most wickets Wahab Riaz –65

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Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
Three trading apps to try

Sharad Nair recommends three investment apps for UAE residents:

  • For beginners or people who want to start investing with limited capital, Mr Nair suggests eToro. “The low fees and low minimum balance requirements make the platform more accessible,” he says. “The user interface is straightforward to understand and operate, while its social element may help ease beginners into the idea of investing money by looking to a virtual community.”
  • If you’re an experienced investor, and have $10,000 or more to invest, consider Saxo Bank. “Saxo Bank offers a more comprehensive trading platform with advanced features and insight for more experienced users. It offers a more personalised approach to opening and operating an account on their platform,” he says.
  • Finally, StashAway could work for those who want a hands-off approach to their investing. “It removes one of the biggest challenges for novice traders: picking the securities in their portfolio,” Mr Nair says. “A goal-based approach or view towards investing can help motivate residents who may usually shy away from investment platforms.”