Palladium and its alloys have been a subject of interest in many research centers all over the world. Due to the price and accessibility of Pd, intensive tests are conducted aiming to invent alloys with catalytic properties similar to those of platinum, but much cheaper than palladium itself. Alloys of Co-Pd, Pd-Fe, Pd-Ni and Pd-Cr exhibit high catalytic activity for the four electron oxygen reduction reaction.The properties of Co-Pd alloys for the hydrogen evolution reaction are close to the properties of pure platinum. This makes it possible to use them, for example, in fuel cells. Tests performed so far have demonstrated that the Pd-Co alloys are characterized by much better electrocatalytic properties for HER than pure palladium. Application of an external magnetic field during the deposition of an alloy causes an additional convection at the electrode surface through the magnetohydrodynamic effect (MHD), paramagnetic force and magnetic field gradient force. This additional convection results in changes of the alloy composition, structure and morphology, and these, in turn, affect the further properties as magnetic as catalytical of the produced alloys. Magnetic field applied parallel to the surface of the electrode generates convection (magnetohydrodynamic effect MHD) of the electrolyte; it results in a laminar flow on the surface of the electrode which reduces the diffusion layer and increases the concentrations gradients. This results in change of the size of the grains and thus can also influence the texture and formation of various phases of the deposits. These various effects can be caused at the same time by the above mentioned convection but also by the magnetic properties, when the field is superimposed the growth in the direction of easier magnetization appears. Optimal conditions of electrolytic deposition of cobalt matrix nanoalloys will be sought through selection of proper composition of electrolyte, changes of electrolysis parameters and by application of external electromagnetic field with intensity up to 12 Tesla. Initial experiments, when the magnetic field was limited up to 1 T, show the improvement of catalytical properties together with increase of magnetic field orientated parallel to the surface of electrode. The influence of magnetic field with higher strength on electrodeposition of alloys with catalytical properties is needed to be clarified. Acknowledgement This work was supported by Polish National Science Center under grants 011/01/N/ST5/05509 and 2013/09/B/ST8/00211. This work was also supported by Polish Ministry of Science and Higher Education under grant IP2012/001072.