The density, heat capacity and viscosity of two magnetic ionic liquids sharing the same Fe (III)-containing anion, specifically, [C(4)mim][FeCl4] and [P-66614][FeCl4], have been determined, along with their volumetric expansivity, and thermal decomposition temperatures. The magnetic properties of the two compounds have been studied using SQUID magnetometry. Both [C(4)mim][FeCl4] and [P-66614][FeCl4] are paramagnetic, but while in the first case the magnetic moment value is 5.8 mu(B)/Fe, therefore close to that of Fe3+, for the latter it is only 4.8 mu(B)/Fe. The effective concentration of magnetic sites is almost three times greater for [C(4)mim][FeCl4] as compared to [P-66614][FeCl4]. In this latter case, the experimental isothermal magnetization curves do not follow a Brillouin-type of behavior; alternatively, the results were discussed using the Spin Hamiltonian formalism in terms of both the, distortion of the Iron site and covalence effects. (C) 2013 Elsevier B.V. All rights reserved.