In this study, the influence of Pd and Pt insertion layers in Co/Ni multilayers (MLs) on their magnetic properties, e.g. magnetic anisotropies, saturation magnetization, coercivity, magnetic domain size, and Curie temperature, is investigated. We compare three series of [Co/Ni/X] N ML systems (X = Pd, Pt, no insertion layer), varying the individual Co layer thickness as well as the repetition number N. All three systems behave very similarly for the different Co layer thicknesses. For all systems, a maximum effective magnetic anisotropy was achieved for MLs with a Co layer thickness between 0.15 nm and 0.25 nm. The transition from an out-of-plane to an in-plane system occurs at about 0.4 nm of Co. While [Co(0.2 nm)/Ni(0.4 nm)] N MLs change their preferred easy magnetization axis from out-of-plane to in-plane after 6 bilayer repetitions, insertion of Pd and Pt results in an extension of this transition beyond 15 repetitions. The maximum effective magnetic anisotropy was more than doubled from 105 kJ/m 3 for [Co/Ni] 3 to 275 and 186 kJ/m 3 for Pt and Pd, respectively. Furthermore, the insertion layers strongly reduce the initial saturation magnetization of 1100 kA/m of Co/Ni MLs and lower the Curie temperature from 720 to around 500 K.