Two novel reversible addition−fragmentation chain transfer (RAFT) agents, (ferrocen-1-yl)ethyl benzodithioate (FEB) bearing ferrocenyl moiety in the R group, and benzyl ferrocenecarbodithioxylate (BFEC) bearing ferrocenyl moiety in the Z group, were designed and synthesized, respectively. The FEB and BFEC were then used as the RAFT agents for the controllable polymerization of styrene and their performance in the controllability was investigated respectively. Obtained polystyrenes were labeled as FEB−PS and BFEC−PS respectively. The results indicated that FEB and BFEC could make the polymerization of styrene very controllable, such as, the number-average molecular weight measured by gel permeation chromatography (M
n,GPC) increases linearly with the monomer conversion, the M
n,GPCs were close to the predicted values (M
n,th), the polydispersity index (PDI) values were less than 1.25, and the chain-extension experiments of the obtained polymer with styrene were successfully carried out etc. The UV−vis absorption, electrochemical behavior and the stability in common organic solvents of the polystyrene with ferrocenyl group attached at the chain ends mediated by two RAFT agents, were further investigated. UV−vis absorption spectra of FEB−PS and BFEC−PS showed typical spectrum of ferrocene with a red shift from 440 to 475 nm and 560 nm, respectively. The electrochemical behaviors of FEB−PS and BFEC−PS were similar to that of ferrocene. E
1/2 (E
1/2 = (E
p1+ E
p2)/2) of FEB−PS was a negative shift, and E
1/2 of BFEC−PS was a large positive shift compared with that of ferrocene. The peak currents of FEB−PS and BFEC−PS gradually dropped with the increase of molecular weight of the polymers. The stability of BFEC−PS and FEB−PS in common organic solvents was in the order of CH2Cl2 > THF > acetone > CHCl3 > DMF. FEB−PS showed better stability than that of BFEC−PS in these solutions. The concentration of the polymers end-capped with ferrocenyl was calculated by the examination of iron contents using atomic absorption spectrometry and nuclear magnetic resonance (1H NMR) measurement, respectively. The results showed that the percentage of polystyrene end-capped with ferrocenyl in BFEC−PS and FEB−PS was about 80% and 70%.