The invention provides a nanometer carbonized tungsten compound powder, which includes carbonized tungsten, vanadium carbide or/and chrome carbide, and a metallic element without binding phase exists in the compound powder. The preparation method of the nanometer carbonized tungsten compound powder is characterized in that the powdery ammonium tungstate, the carbonaceous reducing agent and the inhibitor are adopted as raw materials, the raw materials are dissolved in deionized water or distilled water and evenly stirred so as to obtain a solution, then the solution is heated and dried, the precursor powder is obtained finally, the precursor powder is put into a high-temperature reaction furnace, under the vacuum, argon or hydrogen atmosphere protection condition and the condition of 1,000 to 1,200 DEG C and 30 to 60 min, the carbonized tungsten compound powder with the average particle diameter less than 100 nm and even particle size distribution is obtained through carbonization. The method has the characteristics of low reaction temperature, short reaction time, low manufacturing cost, simple process and the like, which is suitable for the industrial production and used for the ultrafine hard alloy nanometer carbonized tungsten compound powder.