An isolated switching converter includes a transformer having a primary winding, a secondary winding and an auxiliary winding, a primary switch coupled to the primary winding, a secondary switch coupled to the secondary winding, and a feedback circuit coupled to the auxiliary winding to generate a feedback signal indicative of the output voltage. Under normal operation, the primary switch is controlled based on the feedback signal and the secondary switch is controlled based on the status of the primary switch. Under light load condition, the secondary switch is controlled based on the output voltage. The secondary switch is turned on to generate a negative secondary current flowing through the secondary winding and turned off when the negative secondary current reaches a secondary current threshold. The primary switch is turned on based on a negative primary current and turned off when the primary current reaches a primary current threshold.