Fe-based binary mixed metal oxides (MFe2O4, M= Co, Zn, Ni, ……) has attracted prominent interest as advanced anode materials for high-performance lithium-ion batteries (LIBs), thanks to their appealing advantages including low cost, non-toxicity, high theoretical specific capacity, environment friendly properties, and so on. In this review, we mainly introduced synthetic methods, micro-structures and electrochemical Li-storage performance of the MFe2O4 electrodes as striking anodes for next-generation LIBs. Also efficient strategies were proposed to well address lots of issues that the MFe2O4 anodes faced in their commercial application. Furthermore, the future trends and prospects were highlighted herein.