By Lars Mucklejohn The Financial Conduct Authority (FCA) has fined Cyprus-based trading broker Forex TB (FXTB) Limited £276,100 for treating customers unfairly and providing unauthorised investment advice. The City watchdog said it would have imposed a fine of £1.215m, but FXTB demonstrated that such a penalty “would cause it serious financial hardship”. FXTB “pressured customers to put their money at risk” through contract-for-difference trading, the FCA said. The practice allows traders to speculate on market movements without owning the underlying securities. The regulator said FXTB had in …