The utility model discloses a riveting foil cutting tool with a controllable cutting groove for electrode foil. The riveting foil cutting tool comprises a cutting table, a foil placing machine, a guide rail and a cutting fixing device. The foil placing machine is fixedly installed on one side of the cutting table, a plurality of guide rails are installed on the other side of the cutting table in the foil placing direction of the foil placing machine, and the cutting fixing device is installed on the guide rails. The guide rail is installed on the other side of the cutting table in the foil placing direction of the foil placing machine, the two sliding blocks forming the left cutting groove and the two sliding blocks forming the right cutting groove are installed on the guide rail, cuttingof riveting foils of different specifications is achieved, cutting of the riveting foils can be flexibly controlled according to requirements, and the riveting foil cutting device has very wide application prospects.