The invention discloses a nano-grade composition, a preparation method thereof, and an application thereof as an electrochemical catalyst. The nano-grade composition provided by the invention is basically composed of a melamine derivative, a carbon material, and transition metal or transition metal alloy nano-cluster. The carbon material comprises at least one selected from conductive carbon black, activated carbon, carbon nano-horn, N-doped carbon nano-horn, carbon nano-tube, graphene, graphite and carbon fiber material. The metal nano-cluster is at least one selected from Pt, Ru, Pd, Rh and Ir nano-clusters. The alloy nano-cluster is nano-cluster formed by more than two elements selected from Pt, Ru, Pd, Rh, Ir, Fe, Cu and Ni. The mass percentage content of the transition metal or alloy nano-cluster is 0.1-90%. The size of the transition metal or alloy nano-cluster is 0.5-10nm. As a fuel cell catalyst, the nano-grade composition provided by the invention has excellent electrocatalytic activity upon reactions such as oxygen reduction and methanol oxidation.