This paper presents the results of studies on the magnetic properties of the Fe60Co10Mo2Y8B20 alloy. The samples were fabricated in the form of plates by the injection-casting method. The structure of the investigated alloy, in the as-quenched state and after annealing, was veried by using X-ray diractometry. The magnetization curves as a function of temperature were measured by a force magnetometer. From thermomagnetic curves the Curie temperature of the alloy was determined. As a critical parameter β was chosen to be equal to 0.36 for these calculations, it conrmed that the alloys may be considered as ferromagnetic of the Heisenberg type. Additionally, using a vibrating sample magnetometer the magnetization and coercivity eld were studied (in magnetic eld up to 2 T).