In order to prepare intumescent flame retardant acrylonitrile-butadiene-styrene (ABS) composites with only a small decrease in their mechanical properties, we investigated the effect of adding an elastomeric polyacrylate latex and the surfactant TX-10 phosphate to modify the ammonium polyphosphate, melamine, and calcium 3-hydroxy-2, 2-bis(hydroxymethyl) propyl phosphate normally used, which resulted in an intumescent flame retardant composite (IFRC) powder with the aim of improving compatibility. These ABS/IFRC composites were compared with standard material containing unmodified intumescent flame retardant (NIFR) by investigating their thermal properties, melt characteristics, mechanical properties, and microstructure. The data showed that the glass transition temperature of the ABS/IFRC composites decreased slightly in all cases, the complex viscosity of the ABS/IFRC composites was remarkably reduced, and the mechanical properties improved in comparison with the material containing NIFR. A slight increase in impact strength retention, as well as a remarkable increase in tensile and flexural strength retention of ABS/IFRC, was achieved due to superior compatibility between ABS and IFRC in comparison with ABS/NIFR.