Iron alloy bracelets offer benefits like durability and hypoallergenic properties, but scientific evidence for health benefits like pain relief and improved circulation is lacking. Some proponents claim benefits such as stress reduction and enhanced energy, but these are largely anecdotal. The primary and proven benefits of iron alloy bracelets, like those made of stainless steel, are their physical qualities. Pain relief and circulation: Some sources suggest magnetic iron alloy bracelets might help with pain and stiffness, potentially due to magnetic therapy, but scientific evidence is limited. It is Hypoallergenic.