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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.
As you probably know, transferring money out of an IRA is a taxable event, and if you are below the age of 59 1/2, there would likely be an additional penalty as well. So, whenever you move money from one IRA account to another, caution must be taken to make sure it doesn't appear to be a distribution.owever, you can transfer from one traditional IRA to another without a taxable event or penalty. This type of transfer is known as a trustee-to-trustee IRA transfer. It means that the money is going from one IRA trustee to another, and thus is not being distributed outside the IRA.