Ti/Al/Mg/Al/Ti laminated composites were fabricated via hot-pressing at 350 °C, 400 °C and 450 °C successfully. The influences of interface morphology, diffusion zone, constraint effect on the mechanical properties were investigated. At Ti/Al interface, intermetallic compounds aren't found. Whereas, they form at Al/Mg interface. With the increasing temperature, the bonding strength of Al/Mg interface doesn't change linearly, and the maximum strength is obtained at 400 °C because of intermetallic compounds with appropriate thickness. With the increase of temperature, the hardness at both Ti/Al and Al/Mg interfaces increases owing to the solid solution and the intermetallic phases. Also, the ultimate tensile strength of LMCs increases with sacrificing the fracture elongation. The rule of mixture is used to predict the theoretical strength. It is found that the theoretical values are less than the measured, and the reasons may relate to interfaces in Ti/Al/Mg/Al/Ti laminated composites.