Turnout switch rail fracture detection is currently a serious issue in the field of railway transportation. Guided wave detection, a non-destructive testing method, is a good way of studying this issue and looking for a suitable solution. For this paper, a guided wave mode and an excitation position were selected based on the phase velocity dispersion curve and the wave structure. After this, a model was devised for the turnout switch area using the finite element (FE) method. This model considered the straight switch rail, curved stock rail, bolt hole, spacer block, and sub-rail foundation, and verifies the validity of the simulation model through the experiment. The propagation characteristics of guided waves in the switch rail were then simulated in different fracturing states by means of a 30-kHz excitation applied vertically to the rail base. The results showed that a single mode of the guided wave could be generated by this excitation method, showing that it could be used as an effective means for fracture detection. The growth rate of the root-mean-square (RMS) value of the time-domain acceleration signal could then be analysed to identify the state of fracture in the straight switch rail. This discrimination method is suitable for finding fractures parallel to the rail cross-section with a width of 5 mm or more at the bottom of the straight switch rail.