The club represents the Magway Region of Central Myanmar.

The club was founded in 2009 as Magway Football Club by Htun Myint Naing, managing director of Asia World Co., Ltd., and is one of the eight founding members of the Myanmar National League.

The club were placed in Group F with Malaysian champions, Johor Darul Ta'zim, Philippines club, Global FC and Cambodian side, Boeung Ket Angkor.

The club was famous for its aggressive playing style and nurtured many young talent football players.

Every season, Magwe Football Club was based on young talent football players as Zaw Min Tun, a national player, who was negotiated by highest transfer fee of Myanmar National League to Yadanarbon Football Club.