Orthodontic braces can be constructed out of many different materials: plastic, crystal, porcelain, titanium, and stainless steel. Although there have been various auxiliaries (add-ons) that have used magnets to move the teeth, to my knowledge there have never been any brackets that are "magnetized". Stainless steel brackets are the only ones I know of that are attracted to magnets.
Braces are not magnetized. They are usually made of stainless steel or porcelain composite. There have been orthodontic appliances made that use magnets as part of their "force system" but these are rare and not widely used. Using magnets can be advantageous because they provide a constant force without any springs or metal wires. However, it is difficult to control the direction of the force. And thus, it is difficult to control the movement of the teeth. Proper orthodontic movement requires a constant force on the teeth, but it must be controlled in order to get the desired movement.
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