To improve the wear and corrosion resistance of the pump barrel material (40Cr steel), a (M:Nb,Ta)C/Ni35 composite cladding coating by in situ synthesis of composite carbides was conducted. The effects of ceramic micro-particles content on the phase composition, microstructure of the coating, structural characteristics of (M:Nb,Ta)C and the tribology and electrochemical corrosion behavior were systematically studied. The increase of ceramic micro-particles changed the morphology of (M:Nb,Ta)C with the size from sub-micron to micron. The (M:Nb,Ta)C dispersed along the grain boundary inhibits the growth of the grains. During friction, the spherical structure exhibited a rolling lubrication effect and the petal structure provided a stronger attachment ability to resist the shear. The corrosion occurred at the grains, exhibiting corrosion pits, in which the high content ceramic micro-particles were relatively shallow. Moreover, a few dot corrosion pits were distributed along the grain boundaries without (M:Nb,Ta)C. Therefore, to improve the corrosion resistance, a thin composite carbide coating with good wear and corrosion resistance was prepared.