In this study, phosphorus doped graphene supported PtNiP nanocluster electrocatalyst (PtNiP/P-graphene) was successfully prepared via a simple hypophosphite-assisted co-reduction method. The improved anchoring force and increased anchoring sites of graphene support result from phosphorus doping as well as size-confined growth effect of NaH₂PO₂ leads to uniform dispersion of ultrafine PtNiP nanoclusters. Doped P also promotes the removal of CO-like intermediate by adjusting Pt electronic structure combining with alloyed Ni via electronic effects. As a result, the as-prepared PtNiP/P-graphene catalyst with more exposed active sites and optimized electronic structure of Pt alloy shows excellent electrocatalytic performances for methanol oxidation reaction (MOR) both in activity and durability in an acidic medium.