The invention relates to a hot melt type flame retardation filling paste for a cable, and the filling paste mainly is composed of base oil, an oil product fire retardant, polyisobutylene, a separating oil inhibitor, polyethylene wax, a fire retardant and an anti-oxidant. The invention provides a preparation method of the hot melt type flame retardation filling paste for a cable. The hot melt typeflame retardation filling paste for a cable mainly has the characteristics of good flame resistance, colloid stability, oxidation stability, heat resistance, weatherability, no oil separation of a system, small acid value, strong water-resistance, free of emulsification, excellent high and low temperature performance, excellent electrical performance and excellent dielectric property. The fillingpaste mainly is suitable for being heated and filled into air gap of a multi-conductor wire cable core or gap between cable components of any structure. Water or other fluid is prevented from flowingor migrating into the cable. Effects of flame retardation, insulation, waterproof, moistureproof, buffering and the like are provided for the cable.