Fe3O4-armored latexes were successfully synthesized by using modified Fe3O4 (IO) nanoparticles as stabilizers without a surfactant. The particle size, conversion, and particle number density of latex particles during the formation process were studied in detail. The surface charge density and the particle size evolutions of latexes were studied by dynamic light scattering. The use of scanning electron microscopy confirmed that IO nanoparticles were adsorbed on the polymer particle surface. Furthermore, the efficiency of iron oxide incorporation (IE) was evaluated by thermogravimetric analysis. The effect of pH, solid content, and zeta potential of IO nanoparticles on the results of polymerization was also discussed in detail. Attempts were made to explain the change of latex particle surface charge density by using Guy-Chapman-Stern's electric double layer theory. In addition, the effect of ionic strength of ammonium sulfate on particle number density of latex particles was described using P. John Feeney's equation. Finally, the mechanistic insights were discussed by studying polymerization kinetics.