Viewing the problems of lower power factor, high harmonic content, lots of switch losses in tubes of lagging bridge arm when using FB-ZVS-PWM converter in plating power supply, this paper applied the three-level PWM rectifier technology to electroplating power supply, A new converter has been researched. Both different converters have also been compared and analyzed. Phase shift pulse generator and simulation models have been established in Matlab/Simulink. The results show that the PS-FB-ZVZCS PWM converter is more suitable for plating power supply, phases of current and voltage are synchronous, it has the advantages of higher power factor, low harmonic content. All the switch tubes have achieved soft switch, reducing the switch losses, it can improve the efficiency and its performance effectively.