There exists a variety of theoretical proposals to transform states induced by magnetic nanoparticles inside a superconducting gap into Majorana fermion states. The main challenge in this route is a conclusive proof and undoubted distinguishing between topologically trivial subgap Andreev bound states and topologically nontrivial magnetically polarized Majorana bound states. This motivated us to investigate a nonequilibrium electrons tunneling through a ferromagnetic normal metal–magnetic quantum dot–s-wave superconductor (F-mQD-SC) nanostructure, where the mQD’s discrete levels are spin splitted. By using the Keldysh Green’s function method, the expressions for a tunnel current and probability of the Andreev reflection (AR) versus energy are derived and studied. We find that the system’s resonant ARs conductance exhibits different kinds of peaks depending on a spin splitting of the mQD levels, the spin polarization magnitude of the F-lead current, the gate voltage, and an external magnetic field magnitude. The nanostructure’s conductance versus a bias voltage exhibits extra peaks which at some combination of its parameters can mimic ones expected for Majorana modes in a topological superconducting state. The distinguishing transport characteristics of a F-mQD-SC nanoscale structure being in non-topological state are discussed. We suggest that the results obtained can provide helpful clarification for understanding recent experiments in superconductor–ferromagnet hybrid nanostructures with topologically protected excitations.