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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.
You can also move your IRA funds through a rollover instead of a direct transfer. If you choose this method, you must request a withdrawal from the original IRA and re-deposit it into your new account. You must make the deposit within 60 days or you will be taxed on the entire amount.