Platinum (Pt)-based nanoparticle metals have received a substantial amount of attention and are the most popular catalysts for direct methanol fuel cell (DMFC). However, the high cost of Pt catalysts, slow kinetic oxidation, and the formation of CO intermediate molecules during the methanol oxidation reaction (MOR) are major challenges associate with single-metal Pt catalysts. Recent studies are focusing on using either Pt alloys, such as Fe, Ni, Co, Rh, Ru, Co, and Sn metals, or carbon support materials to enhance the catalytic performance of Pt. In recent years, Pt and Pt alloy catalysts supported on great potential of carbon materials such as MWCNT, CNF, CNT, CNC, CMS, CNT, CB, and graphene have received remarkable interests due to their significant properties that can contribute to the excellent MOR and DMFC performance. This review paper summaries the development of the above alloys and support materials related to reduce the usage of Pt, improve stability, and better electrocatalytic performance of Pt in DMFC. Finally, discussion of each catalyst and support in terms of morphology, electrocatalytic activity, structural characteristics, and its fuel cell performance are presented.