Abstract: The present invention relates to a magnetic fluid filter device and, more specifically, to a magnetic fluid filter for removing ferro-magnetic particles from a fluid in addition to filtering the fluid. The magnetic fluid filter includes an upper end cap having a centrally located aperture, a lower end cap, a filtering material, and a magnet, for removing ferro-magnetic particles from the fluid, integrally attached to a top surface of the upper end cap wherein the fluid is effectively exposed to a magnetic flux of the magnet before entering the filtering material. The magnet is annular or ring-shaped and substantially coaxially located with respect to the aperture. An additional second magnet is attached to a bottom surface of the lower end cap.