The alloy Fe‐Co‐V (49% Fe ‐ 49% Co ‐ 2% V) is b.c.c. below about 900 °C and orders into a B2 superlattice below a critical temperature near 730 °C. The deformation of this compound is studied by tensile tests performed at strain rates within the range 0.01 to 670% s−1 and at temperatures between 20 and 750 °C. The dislocation configuration and the antiphase domain shape after slight strains is observed. It is found that brittleness depends on the strain rate; for values higher than 3.4% s−1, there is only one brittle‐ductile transition; for values lower than 3.4% s−1, two transitions can be noticed; the second decrease in ductility happens when the yield stress reaches its maximum; each transition has been connected with a change in the deformation mode.