The invention discloses a composite phase change material for an LED thermal interface and a preparation method thereof. The composite phase change material consists of the following raw materials by mass percent: 18-45% of bismuth, 10-27% of tin, 35-55% of indium, 0-1% of antimony, 0-2% of gallium and the balance of colloidal graphite powder. Or, the composite phase change material consists of the following raw materials by mass percent: 44.51% of bismuth, 17.47% of tin, 35.77% of indium, 0.55% of antimony and the balance of colloidal graphite powder. Or, the composite phase change material consists of the following raw materials by mass percent: 34.75% of bismuth, 13.47% of tin, 49.53% of indium, 0.55% of antimony and the balance of colloidal graphite powder. Or, the composite phase change material consists of the following raw materials by mass percent: 18.97% of bismuth, 26.32% of tin, 51.48% of indium, 1.55% of gallium and the balance of colloidal graphite powder. The preparation method of the composite material comprises: 1) preparing materials; and 2) preparing samples: smelting uniformly mixed materials under protective atmosphere, and cooling to room temperature. The composite phase change material for the LED thermal interface is high in heat conductivity coefficient, wide in phase change temperature threshold, large in enthalpy of phase change and stable in performance, and can effectively lower thermal contact resistance.