Preparation and an application method of a graphene-coated porous silicon composite anode material belong to the field of electrode material preparation. According to the preparation, aluminium-silicon, which is used as a raw material, successively undergoes smelting, mechanical milling and chemical etching to prepare porous silicon; and then the porous silicon, graphene oxide and a carbon source undergo ball milling, spray drying and high-temperature pyrolysis to form a graphene-coated porous silicon composite material. Mass percent of silicon in the prepared porous silicon material is 20-80%; mass percent of metal impurities is 20-80%; particle size distribution is 10 nm- 10 microns; pore size distribution is 1-1000 nm; and porosity is 1-90%. According to the obtained graphene-coated porous silicon composite material, particle size is 1-100 microns, the shape is spherical, particle distribution is uniform, and morphology is consistent. When the material is applied to a lithium ion battery anode material, volume expansion of silicon alloying can be effectively prevented, and initial charge-discharge efficiency, theoretical specific capacity, cycle performance and the like are enhanced. The material of the invention is an ideal anode material in the field of lithium ion battery. The preparation has advantages of simple process, low energy consumption, low cost, good reappearance and high yield.