The structure, binding energy, magnetic moments, and electronic structure of Fe m Ir n (2 B m ? n B 4) nano clusters are investigated using first principles density functional theory techniques. Fully unconstrained structural relaxations are undertaken by considering all possible non-equivalent cluster structures. The optimized clusters are all compact, indicating a clear tendency to maximize the number of nearest neighbor Fe-Ir pairs. The binding energy shows an increment with cluster size. All the clusters preserve ferromagnetic order after optimization and the average magnetic moment shows a general increment with Fe concentration. An enhancement of the local Fe moments in Ir-rich environment is observed, while that of Ir is minimal. The highest occupied molecular orbitallowest unoccupied molecular orbital energy gaps show a general reduction with alloying, indicating more metallicity for the doped clusters than the pure ones.