The invention provides a composite fiber reinforced polymer (FRP) rebar preparation device which comprises a yarn feeding device, an impregnation device, a forming device, a heating curing device, a traction device, a cutting device and a length control device. Relative to the prior art, the preparation device has substantive characteristics and progress, particularly, yarn pressing rolling shafts and yarn threading holes are arranged in the yarn feeding device of the composite FRP rebar preparation device, so that fiber bundles are enabled to be in a tension state, and different fiber bundles are prevented from knotting and rubbing; through the adoption of the impregnation device, the fiber bundles are fully and uniformly impregnated, the coating amount is small, the fiber content of a composite FRP rebar is increased, and the standard deviation of the mechanical performance of the composite FRP rebar is reduced; through the adoption of the forming device, the distribution uniformity of the fiber bundles in thermosetting resin is greatly improved; through the adoption of the heating curing device, the curing temperature is enabled to be stable, and the production is facilitated; and through the adoption of a buzzer of the length control device, operators can be reminded to carry out cutting, the FRP rebar is prevented from being over-roasted, and the continuity and safety of production are improved.