The invention discloses a preset nut type steel-reinforced concrete compound pier template fixing device and a construction method thereof. The fixing device mainly comprises a template, a nut, a screw rod, a PVC protecting pipe, an inner keel and an outer keel. The nut is welded on a steel column, the template surrounds the periphery of the steel column, the outer keel is arranged around the outer side of the template, the inner keel is arranged between the template and the outer keel, one end of the screw rod is connected with the nut by a thread, the PVC protecting pipe is sleeved on the screw rod, and the other end of the screw rod is fixed on the outer keel by a 3-shaped buckle. The invention has simple structure, low cost, and simple and convenient construction, solves the difficulty of fixing the steel-reinforced concrete compound pier template, is convenient for the field construction operation and lightens the workload and the labor intensity. The inner keel, the outer keel, the template and the screw rod can be repeatedly used so as to save the cost, ensure the construction safety of the template and improve the forming quality of the concrete column; meanwhile, the fixing device adopts common materials, thereby lowering the cost and being convenient for popularization and application.