For the first time, functional Corrole molecules modified iron oxide (Fe 3 O 4) magnetic nanoparticles (MNPs) were prepared by a facile two-step method. The Corrole-Fe 3 O 4 nanocomposites exhibited a higher peroxidase-like activity than that of pure Fe 3 O 4 nanoparticles, and accelerated the oxidation of peroxidase substrate 3,3',5,5'-tetramethylbenzidine (TMB) with the help of hydrogen peroxide (H 2 O 2) only in 5 min, attributing to hydroxyl radicals (•OH) generated in the process of oxidation of TMB. Kinetic analysis showed that the catalytic behaviors followed the typical Michaelis-Menten kinetics. Additionally, Corrole-Fe 3 O 4 exhibits several advantages including low cost, easy separation, facile fabrication, and high catalytic efficiency. Based on the catalytic activity of Corrole-Fe 3 O 4 nanocomposites, a simple, sensitive, and selective colorimetric biosensor for H 2 O 2 and glucose determination was successfully designed. The linear relationships of absorbance of oxidized TMB at 652 nm with H 2 O 2 or glucose concentration were obtained from 10 μM to 100 μM with a detection limit of 3.6 μM and 4 μM to 40 μM with the detection limit as low as 2.46 μM, respectively. The results demonstrate that the Corrole-Fe 3 O 4 nanocomposites have potential applications in bioanalysis and biodetection.