Water soluble iron carbohydrate complex obtainable from an aqueoussolution of iron(lll) salt and an aqueous solution of the oxidation productof one or more maltrodextrins using an aqueous hypochlorite solution ata pH-value within the alkaline range, where, when one maltodextrin isapplied, its dextrose equivalent lies between 5 and 20, and when amixture of several maltodextrins is applied, the dextrose equivalent of themixture lies between 5 and 20 and the dextrose equivalent of eachindividual maltodextrin contained in the mixture lies between 2 and 40,process for its production and medicament for the treatment andprophylaxis of iron deficiency conditions.