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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.
First, the firm that currently holds your IRA will likely hit you with a transfer fee. These fees can be as low at $50 but also can stretch into the hundreds of dollars. You might want to check with the brokerage you're transferring to, and ask if it will reimburse any of the transfer costs.Many will. And you'll also want to check what fees the new brokerage will charge if you want to transfer your IRA again.Some brokerages will waive minimum investment requirements for IRAs, but only if you make a certain level of investment on a regular basis.You'll want to make sure you check these things before moving your IRA.nd you'll also want to check what fees the new brokerage will charge if you want to transfer your IRA again. Some brokerages will waive minimum investment requirements for IRAs, but only if you make a certain level of investment on a regular basis. You'll want to make sure you check these things before moving your IRA.