霍家迷蹤拳名震天下，惹來趙家挑戰，霍元甲（梁小龍飾）單人匹馬對付趙家眾人，從此聲名大噪。適時滿清積弱，外國人橫行霸道，元甲擊敗西洋拳王為國術界爭光，他更與農勁蓀（劉江飾）、王五（麥天恩飾）、張心嚴（楊澤霖飾）及李成業（麥子雲飾）等好友合力對付外國的惡勢力。

洋人視元甲等人為眼中釘，不斷施計陷害他們，眾人奮力頑抗。後來勁蓀投身革命黨推翻滿清，元甲亦想參與，更欲創立體育會弘揚武術，惜受父親阻撓。元甲本與禤素棠（林巧兒飾）相愛，亦遭父親拆散鴛鴦。父親病逝後，元甲決心實踐理想，在上海成立精武體操學堂，結果又被當地武師阻撓；對方更煽動日本人對付元甲，元甲性命岌岌可危……

Huo, a famous master of the Huo family, defeats the Zhao family in a challenge and gains fame. He later fights foreign boxers to defend Chinese martial arts. Huo and his friends face constant harassment from foreigners and struggle to promote martial arts in China. Despite opposition from his father and other martial artists, Huo establishes a martial arts school and ultimately sacrifices his life for his ideals.