The invention relates to a binding type anchor cable composite pile structure serving as a main body structure stand column and a construction method thereof. The composite pile structure comprises an anchor cable, multiple base piles with the anchor cable as the center and binding hoops surrounding the base piles, and concrete is poured into the binding hoops. The construction method comprises the steps that the anchor cable is arranged firstly, and the base piles are arranged around the anchor cable. The binding type anchor cable composite pile structure serving as a main body structure stand column and the construction method thereof have the following advantages that the mode of one anchor cable and multiple piles is adopted, and the technological processes such as slurry wall retaining are omitted, so that the construction period is shortened; the binding type anchor cable composite pile structure can serve as a stress component of a main body structure, a bearing component does not need to be constructed again, a few anchor rods are provided, and the cost is saved. In addition, according to the composite pile, the problems of hole collapse, hole shrinkage, pile breaking, interlining and the like of bored piles in the construction process can be effectively avoided, and the quality of finished piles is ensured.