In this work, functionalized multi-walled carbon nanotubes (MWCNT) were synthesized by the reaction between acylated MWCNT and 10-(2,5-dihydroxyphenyl)-9,10-dihydro-9 -oxa-10-phosphaphenanthrene-10-oxide (ODOPB). The obtained MWCNT-ODOPB was well dispersed into epoxy resins together with aluminum diethylphosphinate (AlPi) to form flame-retardant nanocomposites. The epoxy resin nanocomposite with phosphorus content of 1.00 wt % met UL 94 V-0 rating, exhibited LOI value of 39.5, and had a higher T g compared to neat epoxy resin, which indicates its excellent flame retardant performance. These experimental results indicated that MWCNT-ODOPB was a compatible and efficient flame retardant for epoxy resins. Moreover, cone calorimeter analysis showed that the peak heat release rate (pHRR), total heat release (THR) values, and CO 2 production profiles of the composites decreased with an increase in the additional amount of phosphorus. groups onto outside surfaces of carbon nanotubes further diversifies their functions [15][16][17]. For these reasons, functionalized carbon nanotubes with enhanced dispersibility and interfacial interaction in polymers have been applied as group carriers to improve the performance of polymer matrixes [18][19][20].In this study, DOPO-functionalized multi-walled carbon nanotubes (MWCNT) were synthesized by grafting 10-(2,5-dihydroxyphenyl)-9,10-dihydro-9-oxa-10-phosphaphenanthrene-10-oxide (ODOPB) onto the outside surfaces of acylated MWCNT. The functionalized MWCNT was used as an additive together with nano-sized aluminum diethylphosphinate (AlPi) to form fire-resistant epoxy resin composites. The ER/AlPi/MWCNT-ODOPB nanocomposites with 1 wt % phosphorus content exhibited the best UL 94 rating (V-0) and an upgraded limiting oxygen index (LOI) value of 39.5. At the same time, the as-prepared composites also showed higher T g values than neat epoxy resin for a good interaction between epoxy chains and MWCNT-ODOPB. Besides, cone calorimeter tests (CCT) were used to study the fire hazards for MWCNT-ODOPB-modified epoxy resins. The results indicated a clear decrease in a peak heat release rate (pHHR) and a total release rate (TRR) with an increase in the phosphorus content. Furthermore, the CO 2 and CO production during related tests also exhibited the same trend.