A male penis jelq exercise device of the present invention comprises: a main body part which comprises a traction part, having a hollow portion into which the penis is to be inserted, for holding and pulling a side adjacent to the glans, and an elastic traction part which surrounds the penis and extends from the traction part toward the body-side of the penis shaft to come into contact with the body, thereby providing traction force for moving the glans forward; and a traction unit which comprises a fastening part coupled to the leg or body, a coupling part hung from the traction part of the main body part and formed as a loop, and an elastic band part connecting the coupling part and the fastening part and providing elastic force for pulling the penis.