I am not sure about this information as I have many Indian friends trading with UWC and they had no problem wiring money from and to their trading accounts.
May be they meant making a forex market locally.
Try them out www.uwcfx.com
but i heard again that most of the banks are not accepting the bank wire transfer from outside india in such businesses. and also according to rbi rules depositing money in foreign account for such business by an individual is considered as illegal, by the way can you refer your indian friends to this thread for discussion?