The invention discloses a metal complex low-carbon magnesia carbon brick used for ladle slag lines, the weight percentage of the added materials is as following, 50 to 70 percent of magnesia particles, 25 to 35 percent of magnesia powder, and 3 to 6 percent of organic binder, furthermore, the following components are added which are produced by mixing, striating materials, forming and heat-treatment, 0 to 4 percent of flake graphite, 3 to 15 percent of metal powder, and 0.5 to 3 percent of antioxidant containing boron. The antioxidant properties, slag-resistance performance, high temperature strength and the thermal shock resistance of the ladle slag line used metal complex low-carbon magnesia carbon brick are greatly improved, the service life is prolonged, the consumption cost of each ton of refractories is lowered. The preparation method of ladle slag line used metal complex low-carbon magnesia carbon bricks is also disclosed, and the carbon content in the ladle slag line used metal complex low-carbon magnesia carbon bricks produced by the method is less than or equal to 6 percent, little carbon is added so as to reduce the pollution towards liquid steel, and residual strength ratio of the thermal shock resistance is kept at 70 to 80 percent.