Considerable researches on laser powder bed fusion (LPBF) have proved the high crack susceptibility of aluminum alloys and the necessity to increase the processability of LPBF for broader applications. To eliminate the hot cracking and achieve high performance, the present work devised a novel component with the advantages of superior processability, refined microstructure, and high strength based on theoretical calculation of crack susceptibility. The addition of 4.4 wt% Mg and 3.1 wt% Si was capable of obtaining the relative density of 99.6% and eliminating the hot cracks under the processing parameters of 300 W-1000mm/s-0.10 mm. This LPBF fabricated alloy formed granular Mg2Si and rod-shaped Si phases, and an ultimate tensile strength of 460 MPa, yield strength of 385 MPa, and elongation of 3.2% were obtained. In this work, hot cracks could be solved by composition adjustment without adding any nano nucleating agent. Detailed strengthening mechanism analysis revealed the source of high strength corresponding to refined microstructure, strengthening phase, and composition design. This work guides for defects suppression and composition design in additively manufactured high-strength Al–Mg–Si alloys and other aluminum alloys.