The invention discloses a fully synthetic cutting fluid which comprises anion active agent, non-ionic surface active agent, polyethylene glycol, borax, bactericide, foam suppressor, pH regulator, water and additive; wherein, the additive is prepared by the following method: the surface active agents are dissolved by acetone, the mixed solution is added with toluene and heated up to 50-60 DEG C, and the reaction system is dripped with acrylate monomer as well as azodiisobutyronitrile (AIBN) or ammonium persulfate (APS) evocating agent; after that, the temperature is preserved for 3-5h, the reaction stops, and organic solvent is removed, so that the additive is obtained. Compared with the existing fully synthetic cutting fluid, the fully synthetic cutting fluid of the invention can completely inhibit leaching of cobalt element in hard alloy containing cobalt when metal is processed, well solves the problem of separating the cobalt in the existing fully synthetic cutting fluid, and is environment-friendly and efficient.