The team is based in Budapest, Hungary, led by general manager Dorina Szekeres and head coach Jozsef Nagy.

During the inaugural season in 2019, they finished third in the European group and failed to advance to the ISL Grand Finale hosted at the Mandalay Bay Resort and Casino in Las Vegas.

In the 2019 (inaugural) ISL season, Team Iron finished third in the European group behind Energy Standard and London Roar who eventually went on to place 1–2 in the Championship Final.

From Team Iron, Vladimir Morozov was named MVP in Lewisville while Katinka Hosszú earned the title [3] in Budapest in front of the home crowd.

Vladimir Morozov won the race in Lewisville and London while Ranomi Kromowidjojo had a perfect record of winning the event in all 3 matches of the regular season.