Secondary copper smelting is an effective means of treating waste resources. During the smelting process, the viscous behavior of the smelting slags is essential for smooth operation. Therefore, the effects of Fe/SiO2 ratio and Fe2O3 contents on the viscous behavior of the FeO−Fe2O3−SiO2−8 wt%CaO−3 wt%MgO−3 wt%Al2O3 slag system were investigated. The slag viscosity and activation energy for viscous flow decrease with increasing Fe/SiO2 from 0.8 to 1.2, and increase as the Fe2O3 content increases from 4 wt% to 16 wt% at Fe/SiO2 ratio of 1.2. However, under the conditions of Fe/SiO2 of 0.8 and 1.0, the viscosity and activation energy for viscous flow show a minimum value at Fe2O3 content of 12 wt%. Fe2O3 exhibits amphoteric properties. In addition, the increase in Fe2O3 content raises the breaking temperature of the slag, while the Fe/SiO2 ratio has the opposite effect. Fourier transform infrared spectroscopy (FTIR) and Raman spectroscopy show that increases in Fe/SiO2 ratio lead to simplification of the silicate network structure, while increases in Fe2O3 content improves the formability of the network. This study provides theoretical support for the related research and application of secondary copper smelting.