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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.
Unlike other brokerages, Scottrade doesn't charge account maintenance fees. If you decide to close your account, you won't pay any fees. Other brokerages charge $50 to $75 for you to close your account -- Scottrade will even pay up to $100 in transfer fees to your old brokerage when you open an account.With Scottrade you don't need thousands of dollars ready to invest. You can get started with as little as $500.f you open a Roth IRA with Scottrade you will get access to a large variety of investments ranging from no-load mutual funds to ETFs to individual stocks. The firm offers access to over 14,500 mutual funds. More than 3,100 of those mutual funds are in Scottrade's no-transaction fee program.