An ultralow no-load conduction loss DC converter includes a DC power source, a transformer having a first winding, a first MOSET and a PWM controller at the primary side and a second winding, a third winding, a drive control unit, a rectifier unit and a second MOSFET at the secondary side. The second MOSFET, the drive control unit and the rectifier unit constitutes a combination circuit electrically coupled between one end of the second winding and one end of the third winding. The second MOSFET has set therein a body diode. The second winding and the second MOSFET forms a combination circuit electrically connected to a load. Thus, the decision to turn off the drive control unit is made at the secondary side so that non-load conduction loss can be minimized.