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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.
Cost Involved in the Scottrade Account. To get your Scottrade IRA account, all that is required is a minimum deposit of $500 with the completed application. Once the account is set up, there is virtually no maintenance fee that will be charged on the account, even if it is dormant. The only other fee that will be charged on the account is the trading fees. The fee amount for trading on Scottrade is $7 per transaction, irrespective of the amount of the transaction and the frequency of transaction. In other words, you will not have to pay a huge commission on huge transactions.