The new mononuclear FeII and CuII complexes [FeCl2(L1,3)] [L1 (1), L3 (4)], [Cu(OTf)2(L1,2)] [L1 (2), L2 (3)] and [Cu(OTf)(L3)(H2O)](OTf) (5) were generated by the treatment of iron(II) chloride or copper(II) triflate in THF solution at ambient temperature with the 14‐membered N2S2 macrocycles 6,7,13,14,15,16,17,18‐octahydrodibenzo(e,m)‐1,4,8,11‐dithiadiazacyclotetradecine (L1), 8,11‐dimethyl‐5,6,7,8,9,10,16,17‐octahydrodibenzo(e,m)‐1,4‐dithia‐8,11‐diazacyclotetradecane (L2), and a new nine‐membered NS2 macrocycle bearing a pendant 2‐methylpyridyl arm 7‐(2‐methylpyridyl)aza‐1,4‐dithiacyclononane (L3). Complexes 1–5 were characterized by IR spectroscopy, ESI‐MS(+), elemental analysis and single‐crystal X‐ray diffraction (for 2, 4 and 5). The oxidation catalytic properties of 1–5 were evaluated in two model reactions: (i) the mild oxidation of cyclohexane to cyclohexanol and cyclohexanone by H2O2 in MeCN and (ii) the solvent‐free oxidation of 1‐phenylethanol to acetophenone by tBuOOH under low microwave (MW) irradiation power (10 W). The FeII complexes 1 and 4 exhibited the highest efficiency in both homogeneous oxidation systems, leading to maximum product yields (based on substrate) of up to 21 and 92 % in the oxidation of cyclohexane and 1‐phenylethanol, respectively. In the latter transformation, markedly high values of TONs (up to 1200) and TOFs (up to 4200 h–1) were also attained.