Functional diversity is considered a key link between ecosystem functions and biodiversity, and forms the basis for making community diversity conservation strategies. Here, we chose a subtropical forest community in China as the research object, which is unique in that other regions of the world at the same latitude have almost no vegetation cover. We measured 17 functional traits of 100 plant species and calculated seven different functional diversity indices, based on functional richness, evenness, and divergence. We found that most functional diversity and species diversity indices significantly differed with plant habit. There was a significant positive correlation among functional richness indices. However, functional divergence indices, multidimensional functional divergence (FDiv), and Rao’s quadratic entropy index (RaoQ) were significantly negatively correlated, and RaoQ and functional divergence indices (FDis) were uncorrelated. The correlations between three types (richness, evenness, and divergence) of functional diversity indices and three species diversity indices were different. Lineage regression results generally showed that three functional richness indices (Average distance of functional traits (MFAD), Functional volume (FRic) and Posteriori functional group richness (FGR)) were increased with three species diversity indices (species richness (S), Shannon-Wiener index (H) and Pielou index (E)). The functional evenness index (FEve) decreased with species richness (S), Shannon-Wiener index (H) and increased with species evenness (Pielou index (E)), but the change trends were small. All three types of functional diversity indices declined with altitude, although altitude had a weak influence on them. Other environmental factors affected the functional diversity of the community. Here, soil total phosphorus (TP) was the most critical environmental factor and the convex had the least effect on functional diversity in our subtropical forest community. These results will contribute to our understanding of functional diversity in subtropical forests, and provide a basis for biodiversity conservation in this region.