What is the minimum investment required to open an account?

The minimum investment required to open an account with Scottrade is $2,500. This initial investment ensures that clients have sufficient funds to begin trading and maintaining their accounts. It is important to note that Scottrade does not charge any custodial, inactivity, or maintenance fees on individual accounts. Additionally, there are no monthly minimums on accounts after they have been opened. This flexibility allows investors to manage their portfolios according to their own preferences and financial capabilities. Clients can also choose from a range of investment options and access various tools and research resources to assist them in making informed investment decisions. Overall, Scottrade emphasizes accessibility and affordability for investors of varying financial backgrounds.