Yes Arubacloud for £1 per month works fine for Masternodes. I have a few running on there which seem to have been really stable.

Try buying SAROS or SUCRE coins at the moment and set a masternode up as it will be a very cheap way for you to learn how to do it.

There are a number of very cheap masternodes available at the moment so it is worth experimenting with a few different cheap coins and getting familiar with the process.