The invention discloses high weather resistance environment-friendly cable fire-refractory coating and a preparation process thereof, belonging to the technical field of coating. The process adopts a base material, namely acrylic ester elastic emulsion, as a main film-forming substance, dopes high polymerization degree ammonium polyphosphate into the base material, has good film-forming effect and water resistance. The method particularly selects Number 70 chlorcosane and diantimony trioxide as synergistic flame-retardant to greatly improve the fire retardant performance, has low proportion of pigment and the base material, optimizes compatibility of a fire retardant system; the coating has weather resistance and has oil resistance for selecting fluorocarbon surfactant. The process improves water resistance and weather resistance of the coating, and adopts titanate coupling agent to improve the combining firmness of the pigment, the base material and cable base materials, and the weather resistance of the coating is further improved. Green and environment-friendly water is used as solvent to reduce cost, and as the solvent is removed in preparation or construction, the coating does not pollute the environment and not hurt the health of operators.