The invention relates to the technical field of aluminum and aluminum alloy purification and refining treatment, in particular to a refining agent for aluminum alloy as well as a preparation method and a refining process, and aims at removing impurities in molten aluminum in the aluminum alloy refining process so as to improve the product quality. The refining agent for the aluminum alloy comprises, by weight, 30-40 parts of potassium chloride, 15-30 parts of sodium chloride, 10-20 parts of sodium tetrachloroaluminate, 8-20 parts of sodium sulfate, 15-30 parts of sodium fluosilicate and 1-3 parts of accelerants. According to the refining process, the accelerants are added into the refining agent, and can promote decomposition of the sodium tetrachloroaluminate in the refining agent, and meanwhile, the interface tension between the refining agent and oxide inclusions is reduced, and therefore, the oxide inclusions can smoothly float on the liquid surface and then are removed, and the product quality is improved.