The invention relates to the technical field of polymer materials, and discloses a deodorizing full-effect children's paint. The paint comprises, by mass, 10-20% of water, 1-2% of a dispersant, 0.1-1%of an anionic surfactant, 0.2-1% of a defoamer, 0.5-2% of a thickener, 0.5-2% of a rheological agent, 10-30% of a pigment, 10-30% of a filler, 36-46% of a functional emulsion, 0.5-1.2% of a deodorizing film-filming aid, 0.1-2% of an antibacterial agent, 1-0.4% of a preservative and 0.5-2% of an antifreeze agent. The paint has the advantages of good resistance to dirt and scrubbing, no formaldehyde, no peculiar smell, high hiding power and good antibacterial and mildew-proof effects, and is used for painting the interior wall of a child's room in order to effectively solve the problems generated in the children's room and make the child live in a safe and comfortable environment. The paint can achieve a good effect when brushed two times during use.