IPTV is a piece of software where you can watch a series of TV channels from all over the World. EVerything is done online and you will need a decent Internet connection to enjoy the streams. The application offers a simple design and here you are required to provide your own database of channels in M3U and XSPF file format.
You can find these lists on the World Wide Web, download and load them inside this application. After you do this, the window will be populated with TV channels available in the file you've provided. In order to watch a stream, you need an external media player. The incorporated search box allows users to find channels way easier than browsing. You can add your favorite channels on your favorites list and later access them faster.
In terms of customization, IPTV lets you change the style your channels are shown inside the interface to grid, list or tile view. Other feature available here is the ability to play multicast streams with UDP proxy (proxy need to be installed in your LAN).