Fighter's History is a traditional 2D fighter along the lines of the Street Fighter series. The player can choose between 9 different characters to play as: Ray, Feilin, Ryoko, Matlok, Samchay, Lee, Mizoguchi, Jean and Marstorius. Two hidden characters, Clown and Karnov, the bosses of the game, are also playable. Each of the fighters have a number of unique moves, once again, fashioned in the image of Street Fighter II.

There are three different gameplay modes are available. CPU Battle is the traditional arcade mode, where the player select a character and try to complete the game by beating all of the other fighters. In survival mode, the player select a team of five characters to go up against another team. And finally versus mode, where the player can go up against his friends.