The invention provides a cobalt-base block amorphous soft magnetic alloy with high amorphous forming ability and a preparation method thereof. The molecular formula of the amorphous soft magnetic alloy is CoaFebNicBdSieNb5, in which a, b, c, d and e are atomic percents, wherein a is larger than or equal to 25 and smaller than or equal to 60, b is larger than or equal to 10 and smaller than or equal to 28, c is larger than or equal to 2 and smaller than or equal to 10, d is larger than 0, e is larger than 0, d+e is larger than or equal to 14 and smaller than or equal to 39, and a+b+c+d+e+5 is equal to 100. Compared with the prior art, the alloy material has the advantages of high amorphous forming ability, excellent soft magnetic property and mechanical property, the reduced glass transition temperature of the alloy material reaches 0.5-0.7, the coercive force of the alloy material reaches below 1.5A/m, the rupture strength of the alloy material is larger than 4200MPa, and the alloy material can be prepared into amorphous bars with the diameters of 1mm-7mm due to the high amorphous forming ability; therefore, the alloy material can be widely applied in the fields of transformers, magnetic sensors and the like, and has good application prospect.