This study shows the growth behavior of Co–Ni alloy nanowires in AAO template. Growth of nanowires consists of four different stages namely electronucleation, steady state growth, filling of pores, and coverage of filled nanowires and forming of a film on the template surface. TEM study of nanowires showed that the nanowires possess hemispherical head due to the preferable and more rapid growth phenomenon in central section of nanowires instead of edge sides. Studies on the relations between nanowires composition and ion concentration in solution showed that growth of nanowires is a diffusion-controlled process. The compositional, structural and magnetic properties of nanowires were investigated by means of EDX, TEM and VSM.