The invention discloses a chromate-free metal composite tanning agent, comprising the following ingredients: 27.5-37.5 wt% of tetravalent zircon salt, 2.0-5.0 wt% of trivalent aluminium salt, 2.5-10.0 wt% of 15-45 wt% tetravalent titanium salt, 2.5-7.5 wt% of La-Ce mixed chlorinated rare earth, 0-2.5 wt% of antifreezing agent, and 55-60 wt% of water, wherein, the tetravalent zircon salt is selected from zirconium sulfate, zirconium nitrate or zirconium chloride, the trivalent aluminium salt is selected from aluminium sulfate, aluminium chloride, aluminum potassium sulfate or aluminium ammonium sulfate, the tetravalent titanium salt is selected from titanyl sulfate, titanium sulfate or ammonium titanyl sulfate complex salt, the antifreezing agent is glycol, and the water is deionized water. The invention also discloses a preparation method of the chrome-free metal composite tanning agent. The chrome-free metal composite tanning agent has the advantages of good comprehensive properties, simple production technology, and environmentally friendly; and the preparation method is simple without special devices.