The in situ measurement of sediment transport in wave-dominated environments presents significant challenges and currently often relies upon the use of fluorescent sediment tracers. However, this method is constrained by challenges in conducting unbiased and representative sampling, as well as facing overall logistical complexities and labour-intensive procedures. Whilst other tracer techniques are available, such as using magnetic tracers, their performance in tracking sediment transport has not been quantified. The objective of this study is to assess the effectiveness of magnetic tracers in evaluating net transport rates and tracer dispersal patterns. Conducted in a controlled large wave flume, the experiments simultaneously employed fluorescent and magnetic tracers, allowing a comprehensive comparison of the tracers' dispersion patterns and the net transport rates. Results show that the dispersal of magnetic and fluorescent tracers displays a high degree of spatial coherence in both horizontal and vertical dimensions. Similarly, net transport rates are comparable (<16% difference), both showing net transport in the direction of the wave propagation (towards onshore) driven by non-linear and streaming effects. Magnetic tracer recovery rate (49%) was lower than for fluorescent tracers (73%) and is attributed to the loss of magnetic ink from particles; an aspect of the magnetic technique that requires improvement. This study therefore indicates that the use of magnetic tracers to quantify sediment transport is an effective method with the advantages of being significantly less labour-intensive than using the commonly applied fluorescent sediment tracer method.