Upd — Vlc Android Iptv
VLC is a perfectly legal tool. However, the legality of IPTV depends entirely on the source of the content. Using VLC to watch free, public broadcasts or services you pay for is legal. Using it to access "pirated" premium channels via "gray market" M3U lists may violate local laws and terms of service. Always use a VPN if you are concerned about privacy while streaming.
It plays almost any video format or protocol. vlc android iptv
Those support M3U with channel groups, automatic updates, and TV guides. VLC is a perfectly legal tool