To satisfy the requirements of hardness and corrosion resistance for laser additive manufacturing of hydraulic supports, this study applied the synergistic addition of C, B, Cr, Ni, Nb and Mo elements in Fe-based alloys. The multi-phases, martensite + austenite + ferrite were designed. The microstructure, hardness and corrosion resistance of the coatings were analyzed. Increasing the C and B contents could significantly increase the hardness of the coatings, while the corrosion resistance was decreased. The corrosion resistance of the coatings was determined by the Cr contents. However, increasing the Cr contents to 20.0 wt % resulted in the ferrite structure with lower hardness (21 HRC). The coatings with 0.25 wt % C, 1.2 wt % B and 19.0 wt % Cr showed the optimal matching of hardness (56 HRC) and corrosion resistance (survived in neutral salt spray test≥300h). The resulted coatings were mainly consisted of dendritic structure. Fine lath martensite phase was dominant in the dendrite regions. The interdendritic regions were consisted of nano-sized intermetallics with a mixture of σ+Nb + FeNb + Cr2Nb+(Fe,Cr)2B + NbC compounds. These interdendritic regions (14.2 GPa) showed higher hardness than that of the dendritic regions (7.1 GPa). The high Cr contents with finer dendritic structures were the major mechanisms for the excellent combination of hardness and corrosion resistance. The precipitation and growth mechanisms of the interdendritic phases were elaborated. This work provides a valuable reference for laser hot-wire cladding to prepare Fe-based alloys with high hardness and excellent corrosion resistance.