Nafion coated glassy carbon electrodes (NCE) are employed for preconcentrating and detecting Fe2+ and Fe3+ cations from aqueous solutions. The influence of the supporting electrolyte composition and of the redox state on the analyte partitioning within the Nafion coating are examined. By using cyclic voltammetry, the ion‐exchange voltammetric determination of iron in the μM concentration range is achieved from voltammetric peak currents relevant to the reversible redox process: Fe3++e⇋Fe2+. Depending on the starting potential of the voltammetric scan, all the iron is initially converted to the Fe(III) or Fe(II) redox state, so that, from the voltammogram, the overall concentration of iron is always obtained. However, the simple measurement of the open circuit potential at the NCE before starting the scan allows one to get information on the ratio between Fe(III) and Fe(II) incorporated in the Nafion coating. From relevant ion‐exchange distribution coefficients, open circuit potential values can be related to the Fe(III)/Fe(II) concentration ratio in the sample. The use at the NCE of a new electroanalytical technique named multiple square‐wave voltammetry in the double differential mode allows the significative lowering of detection limits pushing the operative range of the method in the nM range. Application to analysis of Fe(II) in the pore‐waters of sediments of the lagoon of Venice (Italy) is presented.