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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.
Features of Scottrade. One of the unique features of Scottrade is that the company does not charge any maintenance fee. This means that even if your account is inactive for weeks or months, you will not have to worry about the fees stacking up unlike most of the other online brokerage companies and IRA providers. Low set up fees â only $500 is required to open an account with Scottrade. 2  By far, this is the lowest opening fee that is charged by any company. 3  Low fees for transactions â the transaction fee is just $7 per transaction.