Fe/$Al_2O_3$ composite granules were prepared by combining sol-gel/oil drop method. The shape of granules were mainly determined by composition and concentration of aluminum precursor. The composite granule with the lowest aluminum concentration was synthesized with 0.75M boehmite solution. The prepared granules were tested as a catalyst in the plug-flow reactor for Fischer-Tropsch synthesis. Before the reaction, catalysts were activated by hydrogen reduction and synthesis gas treatment. The activation conditions and aluminum concentration have affected catalytic performance significantly.