The recent progress in engineering topological band structures in
optical-lattice systems makes it promising to study fractional Chern
insulator states in these systems. Here we consider a realistic finite
system of a few repulsively interacting bosons on a square lattice with
magnetic flux and sharp edges, as it can be realized in quantum-gas
microscopes. We investigate under which conditions a fractional Chern
insulator state corresponding to the Laughlin-like state at filling
\nu=1/2ν=1/2
can be stabilized and its fractional excitations probed. Using numerical
simulations, we find an incompressible bulk density at the expected
filling for systems, whose linear extent is as small as 6-8 sites. This
is a promising result, since such small systems are favorable with
respect to the required adiabatic state preparation. Moreover, we also
see very clear signatures of excitations with fractional charge in
response both to static pinning potentials and dynamical flux insertion.
Since the compressible edges, which are found to feature chiral
currents, can serve as a reservoir, these observations are robust
against changes in the total particle number. Our results suggest that
signatures of both a fractional Chern insulator state and its fractional
excitations can be found under realistic experimental conditions.