The development and improvement of methods for the synthesis of environmentally friendly catalysts based on base metals is currently an urgent and promising task of modern catalysis. Catalysts based on nanoscale magnetite and maghemite have fast adsorption-desorption kinetics and high chemical activity. The purpose of this work was to obtain magnetic composites, determine their physicochemical characteristics and verify their activity in the process of liquid-phase oxidation of phenol with oxygen. Magnetic nanocomposites were obtained by chemical co-deposition of salts of ferrous and trivalent iron. The synthesized magnetic composites were studied by X-ray diffractometry, energy dispersive X-ray fluorescence and Mössbauer spectroscopy, IR-Fourier spectroscopy, elemental analysis. To increase the catalytic activity in oxidative processes, the magnetite surfaces were modified using cobalt nitrate salt. Further, CoFe2O4 was stabilized by adding polyethylenimine (PEI) as a surfactant. Preliminary studies of the oxidation of phenol with oxygen, as the most typical environmental pollutant were carried out on the obtained Fe3O4, CuFe2O4, CoFe2O4/PEI catalysts. The spectrum of the reaction product shows the presence of CH in the aromatic ring and double C=C bonds, stretching vibrations of the C=O groups of carbonyl compounds; the band at 3059 cm–1 corresponds to the presence of double C=C bonds, the band at 3424 cm–1 hydroquinone compounds. The band at 1678 cm–1 and the intense band at 1646 cm–1 refer to vibrations of the С=О bonds of the carbonyl group of benzoquinone. Peaks at 1366 cm–1 and 1310 cm–1 can be related to the vibrations of C–H and C–C bonds of the quinone ring. Thus it was demonstrated that produced magnetic composites based on iron oxide are quite effective in the oxidation of phenol with oxygen.