The phosphate coating on the $(Fe_{0.97}Cr_{0.03})_{76}(Si_{0.5}B_{0.5})_{22}C_2$ amorphous powders with an average size of 10 ${mu}m$ in diameter has been carried out in aqueous 1.0-2.0 wt% $H_3PO_4$ solutions, and the consolidation behavior and magnetic properties of their compressed powder cores has been investigated. The phosphate coating could provide efficient electrical insulation between amorphous powders and improved consolidation ability at room temperature. Especially when the powders were treated in more concentrated phosphoric acid solution, enhanced phosphate covering and higher frequency/dc-bias stability were achieved. The powder cores phosphate-coated in 2.0 wt% $H_3PO_4$ solution exhibited constant permeability of 21 up to 10 MHz, 110 of the quality factor at 0.9 MHz, 610 mW/cm3 core loss at 100 kHz/0.1 T and 89 of percent permeability at 100 kHz.