We all know the well know SpeedTest.Net website where you can check the performance of your connection, the site allows users to log on and test their connections upload / download speeds and latency. The only drawback was that you had to log into the SpeedTest.Net website to be able to use the service.

Good news for Android users is that there is now a Android App available in the Android Market. Simply search for speedtest on the Android Market and install the SpeedTest.Net App. Fire it up and test your 3G or HSDPA connection speeds. You can also use it over your wifi connection.

It saves all your connection results on the phone for future reference with icons showing if it was conducted over WiFi or GSM network. See screenshot below.

I installed the app and fired it up conducting tests on my HTC Hero over WiFi and GSM on MTN.

Head on over to the Android Market and install the SpeedTest.Net App and post your results here. I got 2Mbps download and 556Kbps upload with 150ms pings on MTN network to a server to Cape Town. Whats your results?

PS: There is also a iPhone App available.