The invention discloses iron-based nanocrystalline soft-
magnetic alloy with excellent high-frequency performance and a preparation method thereof. The expression of the
alloy is FeaSibPcCuxMy, wherein a, b, c, x and y respectively represent the atomic percent content of corresponding compositions and satisfy the following conditions: 70<=a<=85, 5<=b<=15, 5<=c<=18, 0.0001<=x<=3, 0<=y<=5, a+b+c+x+y=100%, and M is one or more of Zr, Ti, Ta, Hf, Nb, V, W, Mo, Mn, Cr, Re, Zn, In, As, Sb, Bi, Ca,
platinum group elements,
rare earth elements, N, Sn, Ge, Ga and Al. The
alloy is a nanocrystalline soft-
magnetic alloy band prepared by employing a single-roller quick-cooling method under the conditions of high vacuum and
argon protection. The
alloy does not contain B elements, is good in soft magnetic property, high in
thermal stability, low in high-frequency loss and low in
magnetostriction coefficient.