The invention discloses a method of super-critical Fischer-Tropsch synthesis, using molten-iron as catalyst to convert synthetic gas (CO+H2) into hydrocarbon in the presence of supercritical media. The process comprises as follows: mixing the synthetic gas and supercritical media, performing super-critical Fischer-Tropsch synthesis under the conditions of temperature of 180-350DEG C, pressure of 3.0-10.0MPa and synthetic gas airspeed of 1000h-1-30000h-1 and converting the synthetic gas into liquid fuel. The molten-iron catalyst has the advantages of easy obtaining of raw material, strong abrasive resistance, high space time yield, high selectivity of olefin, simple preparing process, stable catalyst property, more suitability of industrial production and the like. Under the same reaction condition, compared with gas-phase and liquid-phase Fischer-Tropsch synthesis, the super-critical Fischer-Tropsch synthesis can reduce temperature jump of beds, decrease carbon deposit on surface of the catalyst, prevent devitalization of the catalyst and prolong the service life of the catalyst. In terms of reaction property, the invention can increase conversion rate of CO, reduce selectivity of methane and increase selectivity of C5+ and olefin in products.