The invention discloses liquid compound fertilizer preventing watermelons from cracking. The liquid compound fertilizer comprises, by weight, 30-40 parts of water, 20-40 parts of ammonium polyphosphate, 20-40 parts of potassium organo-carboxylate, 10-20 parts of calcium salt and 5-10 parts of microelements. A preparation method includes the step that microelements, ammonium polyphosphate, potassium organo-carboxylate and calcium salt are sequentially added to water in proportion, and then the liquid compound fertilizer preventing watermelons from cracking is obtained. The liquid compound fertilizer has the advantages that nutrient elements are comprehensive, soil nutrients are adjusted to be balanced after the fertilizer is used, and various elements needed by plants can be quickly supplemented in time; perfect coexistence of phosphorus and calcium is achieved, no sediment is generated, and the absorption efficiency is high; the fertilizer is neutral after being diluted, plant absorption is more facilitated, the fertilizer can be mixed with most non-alkaline pesticide for use in the using process, and production and use are more convenient; the production process is simple, raw materials are universal, cost is low, use is convenient, and popularization is easy.