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It is really easy to open an account at Scottrade and it can be set up in minutes. The initial deposit is $2,500 for a non-IRA account and $0 for an IRA, and investors can begin trading as soon as the balance is shown in their account. There are no account maintenance fees or hidden fees of any kind.he initial deposit is $2,500 for a non-IRA account and $0 for an IRA, and investors can begin trading as soon as the balance is shown in their account. There are no account maintenance fees or hidden fees of any kind.
Any household with income can convert a traditional IRA to a USAA Roth IRA, which does not required minimum distributions and provides potentially tax-free withdrawals in retirement. It is free ($0) to set up an USAA IRA account, and their is no annual IRA fee. However, there is a small charge of $20 for closing/termination the account. The fee does not apply to a fell transfer of all assets and positions to another investment firm which is free.