The invention provides no-clean soldering flux which comprises, by mass, 1%-4% of organic acid activating agents, 0.5%-3% of non-ionic surface active agents, 0.1%-3% of antioxidants, 0.005%-0.02% of modified rosin and the balanced organic solvents. The invention further provides a preparation method of the no-clean soldering flux. The preparation method includes the steps of melting the modified rosin, sequentially adding the organic acid activating agents, the non-ionic surface active agents, the antioxidants and the organic solvents, evenly stirring the mixture, naturally cooling the mixture, filtering the mixture, and obtaining the no-clean soldering flux. According to the no-clean soldering flux, dilution and dilution control are not required, direct use can be achieved, heavy metal is not contained, and residues do not exist. The no-clean soldering flux has the advantages of being high in drying speed, bright and firm in soldering point, even in spreading, full in structure, free of corrosiveness, excellent in solderability, good in soldering smoothing performance, stable in performance and the like.