The invention discloses a brazing filler metal for the braze welding of titanium and titanium alloy, which contains 22 to 32 percent by weight of Ni, 1 to 1.5 percent by weight of Al, 0.5 to 1.0 percent by weight of Mn, 0.3 to 0.6 percent by weight of V, 0.6 to 1.0 percent by weight of Sn, 1.5 to 2 percent by weight of Zr and the balance of Cu. The preparation method for the brazing filler metal includes the following steps: weighing the materials, casting the smelted materials to form a brazing filler metal ingot, and then extruding and rolling the brazing filler metal ingot into a braze welding foil. An argon-shielded condenser discharge resistance heating method is adopted to weld titanium with the brazing filler metal. The brazing filler metal does not contain precious metals, i.e. palladium and silver, and thereby the manufacturing cost can be greatly reduced; the processability of the brazing filler metal is good, the inter-annealing processing rate is high, a foil strip which is 0.1mm can be rolled, and the rate of finished products is 80 to 85 percent. Meanwhile, the preparation method is simple, the strength of a braze-welded titanium joint is high, the braze-welding timeis short, the metallic texture of the titanium alloy matrix cannot be changed, and in particular, the invention is suitable for the braze welding of titanium alloy parts of small specifications in large batches.