In this work, Fex(CoCrMnNi)100-x (x = 40, 60 and 80 at.%) medium-entropy ferrous alloys (MEFAs) were fabricated through laser powder bed fusion (LPBF) of mixed powders composed of FeCoCrNiMn and Fe powders, and the dynamic compressive properties and deformation mechanisms were studied with combination of experiment and molecular dynamics simulation. The results demonstrate that all MEFAs exhibit good processability.The Fe40 and Fe60 samples were predominantly composed of FCC phase with coarse grains, while the Fe80 mainly consisted of BCC phase with a smaller grain size. When subjected to quasi-static and dynamic compression at 3000/s, the yield strengths of Fe40, Fe60 and Fe80 increases by 131, 220 and 256 MPa, respectively, illustrating the positive strain rate sensitivity and influence of Fe on the mechanical properties of MEFAs. Further, both the single-crystal and the polycrystalline models suggested that the incompatibility between the BCC and FCC phases is responsible for the enhancement of strength. Therefore, it is more likely to produce deformation twins, dislocations and thus stress concentration around the BCC phase, which is consistent with the TEM observations.