Football Club Akzhayik was first established in the Soviet Union in 1968, although they experienced a low-profile existence in the country. In 1992, after Kazakhstan gained independence and the Kazakhstan Premier League was created, the team rose to greater prominence as one of its founding members. However, since that time, they have struggled to settle in the top division and have spent most of their time outside of the country's top flight.
Upon foundation, the team was initially called Uralets and Akzhayik have been known by various names in subsequent years. In 1993, they became known as Uralets-Arma as part of a sponsorship deal and in 1997 they adopted the name Zhangir. Other former names include Naryn and Batys, before the club took on its current identity in 2004.
To date, Akzhayik have been unable to win any of the major honours on offer in Kazakhstan and they were also unable to secure major success in the Soviet era. After the formation of the Kazakhstan Premier League, the team finished in 16th place three seasons in a row in 1992, 1993 and 1994, eventually suffering relegation at the end of the latter campaign. The team returned to the top tier for a single season in 1998, but otherwise remained in the lower tiers until 2003. After two seasons back in the Premier League, Akzhayik were relegated again ahead of the 2005 season and would not return until 2010. In 2011, Akzhayik spent yet another season outside of the top flight. So far, the club have been unable to finish in the top 10 of the country's top division.
Akzhayik's home games are played at Petr Atoyan Stadium, located in the city of Oral, which is sometimes known as Uralsk. The stadium is currently able to hold up to 8,320 supporters.