The invention relates to a low voltage power line broadband carrier communication network fault diagnostic device used on site, relates to a corresponding method, and belongs to the carrier communication technical field. The device includes a carrier transmitting and receiving circuit, a communication circuit, a storage circuit, a human-computer interaction circuit, and a microprocessor. The microprocessor comprises a collection unit, a judgment unit, a data frame unit, a monitoring unit, an analysis unit, a topology unit, a positioning unit, a measurement module, a detection module, a frequency spectrum module, a discrimination module, a test module, and an output module. Through the collection and frequency spectrum analysis of noise signals on the power line, various kinds of noise such as background noise, periodic noise, and sudden noise which influence the carrier communication can be intuitively displayed, and various kinds of fault information of the on-site broadband carrier communication network can be fast diagnosed and intuitively reflected, so that corresponding processing measures are timely adopted. The low voltage power line broadband carrier communication network fault diagnostic device and method are suitable for the operation management based on the power line carrier communication network very much.