The invention relates to a method for preparing a graphene loaded ferroferric oxide magnetic nanometer particle composite material. The method comprises the following steps of: (1) dispersing graphite oxide into deionized water, pouring into a vessel after ultrasonic and centrifuging, putting the vessel into an oil-bath pan, adding hydrazine hydrate and an anionic surfactant for heating, condensing and refluxing, and cooling and drying to obtain modified graphene; and (2) dispersing the graphene into aqueous solution, and ultrasonically stirring and centrifuging to obtain modified graphene dispersion liquid; and weighing a soluble trivalent ferric salt and divalent ferric salt, dissolving the salt into the deionized water, introducing nitrogen, pouring into the modified graphene dispersion liquid, dripping ammonia after uniform ultrasonic stirring, heating for reaction, washing and collecting a product, and drying the product. The method is simple and easy for industrial production; and the prepared composite material has the advantages of pure crystal phase, uniform distribution and excellent electrocatalytic activity.