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Well they are both different and yes as entry level MetaTrader is more accessible opposed to thousands of dollars per year on Bloomberg terminal and yes if you are trading CFD retail Bloomberg is overkill . Say MetaTrader is a F1 steering wheel and Bloomberg is the entire F1 Team, it is far superior in all ways ( if you needed it ! ,once again it is a different animal ! ) news speed alone but general data quality and breadth . So to answer the persons question ,in this realm of retail CFD it would be pure overkill and a waste of money but if you are stepping away from retail CFD and upping your game then pound for pound Bloomberg is the Daddy .