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It all depends upon your need. You should have a strong analysis of your application performance. Then think about the least muscle power of the server your application will require. If you have a long term plan to use the server, you can save some bucks by doing an upfront payment. Amazon has a free​ plan for one year for their micro instance. You may need to give it a try. I would suggest you to study spot instances as well.
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totally depends on your requests density, server load, CPU, memory consumption
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Tausif Khan Farhan Tahir actually i want to host chat server developed in node(socket.io)
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If it doesn't require much cpu and memory consumption, I would suggest you to start with micro instance which is free for a year.
Tausif Khan actually i want to buy for client. So, i have to used premium instance.
Then calculate the application requirement and find the best match from insurance list.
ok and thanks for your time.
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