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Iron-containing imidazolium-based ionic liquids were successfully applied as catalysts in the styrene polymerization. Solventless conditions, organic solvents and different imidazolium-based ionic liquid catalysts were tested to evaluate the best reaction conditions. The ionic liquids BMI.FeCl 4 and BMI.Fe 2 Cl 7 showed very distinct catalytic activities. Schulz–Flory distributions indicate two or three active catalytic species in different distributions. Via on-line direct infusion electrospray (tandem) mass spectrometry (ESI-MS(/MS)) reaction monitoring, both active catalytic species in accordance with the Schulz–Flory distributions were intercepted and characterized, providing important mechanistic insights that allowed us to propose a rationale for the origin of the superior catalytic efficiency. [ABSTRACT FROM AUTHOR]