A halogen‐free intumescent flame retardant expandable graphite composite (EG), with an initial expansion temperature of 202°C and expansion volume of 517 mL g−1, was successfully prepared via a facile two‐step intercalation method, i.e. using KMnO4 as oxidant and H2SO4, Na2SiO3·9H2O as intercalators. The prepared EG flame retardant was characterized by field emission scanning electron microscope, X‐ray diffraction spectroscopy, energy dispersive spectroscopy and Fourier transform infrared spectroscopy. Furthermore, flame retardancy and thermal property of various ethylene vinyl acetate copolymer (EVA) composites, including EVA/EG and EVA/EG/APP (ammonium polyphosphate) specimens, were studied through limiting oxygen index instrument (LOI), vertical combustion UL‐94 rating, thermal gravimetric and differential thermal analysis. The results indicate that the EVA/EG and EVA/EG/APP composites exhibit a better flame retardancy. Addition of EG at a mass fraction of 30% leads LOI of 70EVA/30EG composite improved to 28.7%. Even more, the synergistic effect between EG and APP improves the LOI of 70EVA/10APP /20EG composite to 30.7%. This synergistic efficiency is attributed to the formation of compact and stable layer‐structure, and the prepared EG can make EVA composite reach the UL‐94 level of V‐0. POLYM. COMPOS., 36:1407–1416, 2015. © 2014 Society of Plastics Engineers