Really depends upon whether or not the website or tool you are using permits you to enter such code. Many webboards use the same sort of "vB" coding.
See this
link.
But that only works if the website uses THOSE codes, there might be others, something that is unique to that website.
As for any other tool, such as Outlook or Outlook Express, or Word, or Excel, or actually anything else, it really depends upon if those packages permit you to enter links with text of your choice.
Look into the Help of that package. You have some reading to do.