A tracking device and a tracking device control method with intelligent safe zones are provided. The tracking device includes a positioning module, a long-range transceiver, a short-range transceiver and a microcontroller. The microcontroller is configured to provide the long-range transceiver with radio-signal information about a short-range radio signal received by the short-range transceiver. The long-range transceiver transmits the radio-signal information to a server for safe-zone identification of the tracking device and then receives a safe-zone identification result from the server. The microcontroller is further configured to operate the positioning module, the long-range transceiver and the short-range transceiver in accordance with the safe-zone identification result.