In this study, trace amounts of In and Ce elements were composite added into a Ag10CuZnSn low-silver brazing filler metal, and the effects of the composite alloying on the solidus and liquidus temperatures, the spreading performance, the microstructure of the filler metal, and the mechanical properties of the joints prepared with these filler metals were studied. The results reveal that the In element can significantly decrease the solidus and the liquidus temperatures of the Ag10CuZnSn alloy, while the Ce element has little effect on the melting temperature. Trace amounts of In and Ce elements can obviously increase the spreading areas of the filler metals on the pure Cu and 304 stainless steel base metals. The In and Ce elements can refine the microstructure of the filler metals. When the contents of In and Ce are 1.5 wt% and 0.15 wt%, respectively, the microstructure refinement effect is the most obvious, and the shear strength of the 304 stainless steel brazed joint also achieves a maximum value of 375 MPa. Excessive addition of In and Ce can form brittle intermetallic compounds in the filler metal, decreasing the brazed joints' shear strength.