1
When creating my wallet, I chose the options "Create new wallet" and "Standard wallet." I think this is a BIP32-based wallet.
As you can see in the screenshot below, "New Account" is grayed out. Why is this?
As you can see, I'm using Electrum 2.0.3 on Windows. I have not sent or received any transactions since making this wallet.
2
The Electrum (even 2.*) is BIP32 compatible for standard Electrum wallets. But BIP32 standard describes only one account. BIP44 extends it to multi-accounts.
If you use hardware wallet (for example Bitcoin Trezor) in Electrum, in this case the Electrum works as BIP44 compatible and you will be able to create other account.
Hmm, then why would it have that menu item in the first place then? Maybe a feature waiting to be implemented? – morsecoder – 2016-02-11T19:26:20.850
I've got the same issue. Strange. Was it ever a problem in earlier Electrum versions? – Wizard Of Ozzie – 2015-03-26T23:46:52.077