High magnetization Fe-Co and Fe-Ni submicron and nanosize particles by thermal decomposition and hydrogen reduction J. Appl. Phys. 115, 17A315 (2014); 10.1063/1.4863806 Magnetic permeability of Si-rich (FeCoNi)-based nanocrystalline alloy: Thermal stability in a wide temperature range J. Appl. Phys. 113, 17A310 (2013); 10.1063/1.4794718Synthesis of Fe-Co nanoparticles with high saturation magnetization by low-temperature post-annealing Based on semiempirical generalized embedded atom method ͑GEAM͒, we carried out molecular dynamics and Monte Carlo simulations to study the structural properties of FeCo and FeNi nanoparticles. It is found that these two kinds of nanoparticles possess a new stable quasicore-shell structure, no matter whether they are in molten or condensed state and whether they are prepared by annealing or quenching. In FeCo ͑FeNi͒ nanoparticles of various sizes and atom compositions, the quasicore-shell structure is always preferred, with the shell formed only by Fe atoms and the core formed by randomly distributed Co͑Ni͒ and Fe atoms. We have also investigated the formation mechanism of the quasicore-shell structure by energy difference analysis of the pure and doped icosahedra structure of FeCo and FeNi nanoparticles.