The invention discloses a reactive dye color fixing agent and a preparation method thereof. The color fixing agent is prepared from the following raw materials in parts by weight: 41-49 parts of bisphenol S, 5-13 parts of propylene dichloride, 10-18 parts of dimethyl formamide, 17-25 parts of dimethyl sulfoxide, 3-7 parts of fatty alcohol-polyoxyethylene ether and 13-21 parts of dichloroacetic acid. The preparation method comprises the steps of mixing the bisphenol S with the dimethyl sulfoxide and the dimethyl formamide, heating and stirring an obtained mixture; then, adding a fatty alcohol-polyoxyethylene ether solution, heating and stirring; after that, adding the propylene dichloride, heating and stirring; dropwise adding a dichloroacetic acid solution, heating and stirring, and cooling to the room temperature to obtain the reactive dye color fixing agent. The color fixing agent prepared by the method has the advantages of being high in dyeing fastness, capable of obviously improving dry-wet rubbing fastness and color fastness to washing, and the like under the interaction of all the raw materials, and enables reactive dyes basically not to have color change when being used for carrying out color fixation on the reactive dyes; furthermore, the reactive dye color fixing agent is formaldehyde-free, environment-friendly, free from secondary pollution, simple in production technology, suitable for industrial production and especially suitable for the field of color fixation of the reactive dyes.