The graph fractional Fourier transform (GFRFT) applies a single global fractional order to all graph frequencies, which restricts its adaptability to diverse signal characteristics across the spectral domain. To address this limitation, in this paper, we propose two types of multiple-parameter GFRFTs (MPGFRFTs) and establish their corresponding theoretical frameworks. We design a spectral compression strategy tailored for ultra-low compression ratios, effectively preserving essential information even under extreme dimensionality reduction. To enhance flexibility, we introduce a learnable order vector scheme that enables adaptive compression and denoising, demonstrating strong performance on both graph signals and images. We explore the application of MPGFRFTs to image encryption and decryption. Experimental results validate the versatility and superior performance of the proposed MPGFRFT framework across various graph signal processing tasks.