The invention provides a doubly-fed frequency converter and a modulation method thereof, the doubly-fed frequency converter comprises a three-phase bridge arm and a control unit, and each phase bridgearm comprises a first switch module, a second switch module, a third switch module, a fourth switch module, a fifth switch module and a sixth switch module. The control unit controls the on and off of the first switch module, the second switch module, the third switch module, the fourth switch module, the fifth switch module and the sixth switch module, thereby enabling each phase of bridge arm to enter a positive half-wave period state, a positive dead zone state, a positive zero state, an all-zero state, a negative zero state, a negative dead zone state and a negative half-wave period state.