An experimental study of miscible magnetic fluid motion in a vertical capillary tube is presented. Transporting ferrofluids is dominated by a dimensionless magnetic number Ma, which characterizes the ratio of upward magnetic force to the downward gravity. Two distinct stages of motion, referred to as the sub-critical mode of finite lift and the effective transportation, are identified. These two modes are determined by the values of the sub-critical magnetic number Masub and critical magnetic number Macr respectively. For the cases of sub-critical mode (Masub < Ma < Macr), the ferrofluids are lifted to quasiequilibrium heights, which are nearly proportional to the magnetic number Ma. As for the situations of effective transportation (Ma > Macr), a penetrating finger of ferrofluids is formed similar to the conventional miscible displacements. A dimensionless proportionality of fingertip velocity ν, magnetic number Ma and field distribution profile fz is obtained as ν ∼ Ma1/2fz by scaling arguments. This proportional correlation shows a good agreement with the experiments.