The use of magnets in industrial applications do not always require high magnetic properties. Therefore, the use of polymer as a matrix that serves as a binder can be applied to obtain lightweight, flexible and cheap compositemagnet. This report discuss composite magnet base on SrO.6Fe2O3 (SRM)-thermoplastic and thermoset polymer. Thermoplastic polymer consist of polypropylene (PP) type of PP2 and PP10 and polyethylene (PE) type of LDPE were used. For thermoset polymer, epoxy and polyester were used. Synthesis of composite magnet based on thermoplastic polymer (PP2, PP10, LDPE) were carried using the blending method, while the thermoset composites magnet using casting method. Thermoplastic composite magnets were prepared with compositions of 50, 41, 38, 33 and 29 %weight of SRM with the blending temperature of 160 °C for LDPE and 180 °C for PP2 and PP10. For thermoset composite magnets, the compositions were 30, 40, 50 and 60% by weight of SRM. The mechanical test conducted include tensile strength and elongation at break. Microstructure on the surface of the composite materials were observed using SEM (Scanning Electron Microscope) and the magnetic properties were measured using VSM (Vibrating Sample Magnetometer). The SEM results showed the formation of flat shape powder particle with size of 1.6 µm. In general, the mechanical properties of polypropylene polymer composite magnet are better than that using polyethylene (LDPE) binder. For polypropylene binder PP10 is better than PP2. Magnetic properties are not significantly affected by the change of polymer or binder types.