Carbon based fillers have attracted a great deal of interest in polymer composites because of their ability to beneficially alter properties at low filler concentration, good interfacial bonding with polymer, availability in different forms, etc. The property alteration of polymer composites makes them versatile for applications in various fields, such as constructions, microelectronics, biomedical, and so on. Devastations due to building fire stress the importance of flame-retardant polymer composites, since they are directly related to human life conservation and safety. Thus, in this review, the significance of carbon-based flame-retardants for polymers is introduced. The effects of a wide variety of carbon-based material addition (such as fullerene, CNTs, graphene, graphite, and so on) on reaction-to-fire of the polymer composites are reviewed and the focus is dedicated to biochar-based reinforcements for use in flame retardant polymer composites. Additionally, the most widely used flammability measuring techniques for polymeric composites are presented. Finally, the key factors and different methods that are used for property enhancement are concluded and the scope for future work is discussed.