Peter Brandt Criticizes Robinhood’s ’Multiple Accounts’ Feature as Misleading for Traders

Veteran trader Peter Brandt has labeled Robinhood's newly introduced 'multiple individual accounts' feature as 'toxic' for social media trading communities. The functionality, unveiled at Robinhood's Hood Summit in Las Vegas on September 10, 2025, allows users to create separate portfolios for different asset classes or strategies within a single app.

Brandt, a futures trader since 1975, warned the tool could enable selective screenshotting of profitable accounts while hiding losses—potentially amplifying fabricated success stories on platforms like X and YouTube. His critique gained rapid traction with 129 likes and 55,254 views shortly after Robinhood's announcement post garnered 720 likes and 117,677 views.

The controversy emerges as Robinhood's stock ($HOOD) shows positive momentum, closing at $121.26 with a 2.33% gain on September 9, followed by an additional 2.31% rise in after-hours trading. Company representatives position the feature as organizational flexibility for retail investors, but critics fear it may exacerbate the spread of unrealistic trading narratives—particularly in volatile crypto markets.