The complexes [FeLN2S2X] [in which LN2S2=2,2′‐(2,2′‐bipryridine‐6,6′‐diyl)bis(1,1′‐diphenylethanethiolate) and X=Cl, Br and I], characterized crystallographically earlier and here (Fe(L)Br), reveal a square pyramidal coordinated FeIII ion. Unusually, all three complexes have intermediate spin ground states. Susceptibility measurements, powder cw X‐ and Q‐band EPR spectra, and zero‐field powder Mössbauer spectra show that all complexes display distinct magnetic anisotropy, which has been rationalized by DFT calculations.