Edgar Malakyan is a graduate of the football school Pyunik Yerevan. Since 2008, he fully performed as part of the main team, being in the player base. Framework for action aimed at creating Malakyan attacking waves at the opponent. Possesses good dribbling, and knows how to play with a partner and take it to a rendezvous with the keeper. The first match in Pyunik happened in 2007. It was the only appearance Malakyan had in the team that season, which he spent in the double play in the First League. In the away match of the five round championship in 2010, against Banants Yerevan, he spent his 50th match in Pyunik in the Armenian Premier League. In that year, with the team they won the triple awards, winning the 2010 Armenian Premier League, the 2010 Armenian Cup and the 2010 Armenian Supercup. In June 2012, Malakyan had signed a three-year contract with Viktoria Plzeň. Agents from Viktoria noticed Edgar's match of 2nd preliminary round of the 2011–12 UEFA Champions League season, in which Viktoria won over Pyunik 4:0 and 5:1, Edgar showed himself to play well. In the first league game against Hradec Králové on 29 July 2012, in which Victoria won 3–0 at home, Malakyan got injured. In the 3rd round of the 2012–13 Czech Cup on 26 September 2012 in a match against Chomutov, Malakyan came in when the score was a losing 1:2 and sharpend the game, gave the assists, and Victoria won 3–2. On 8 November, for his debut in the UEFA Europa League against Hapoel Tel Aviv, Malakyan came out on the field for 46 minutes. The match ended in favour of the players from Victoria 4–0. In winter of 2013, he was loaned to another Czech club Dynamo České Budějovice. In 2013–14, he was loaned to FC Banants. His performance there was so good that he decided to continue his career in Armenia permanently as he signed for Alashkert in 2015. After half a season, he was then traded to Shirak Gyumri, where he would finish relaunching his career in Armenia. Becoming team captain and having good performances in UEFA Europa League qualifying play offs, he was then bought by Ukrainian Stal Kamianske alongside his younger brother, Gor. Since signing for the Ukrainian Premier League side in 2016, Edgar became a regular starter, key squad member and team captain as well. This eventually lead to him being called up for the Armenian national team again after 5 years without playing for Armenia.
