diff --git a/CHANGELOG.md b/CHANGELOG.md
index 6e705c788e..5c28a30af0 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,6 +5,12 @@ All notable changes to this project will be documented in this file.
 The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
 and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 
+## Unreleased
+
+### Fixed
+
+- Fixed the swapped fee ratio and threshold in the message of the _Fee Ratio_ rule in the _X-ray_ section
+
 ## 3.74.0 - 2026-09-27
 
 ### Added
diff --git a/apps/api/src/models/rules/fees/fee-ratio-total-investment-volume.spec.ts b/apps/api/src/models/rules/fees/fee-ratio-total-investment-volume.spec.ts
new file mode 100644
index 0000000000..7d95d0cb3a
--- /dev/null
+++ b/apps/api/src/models/rules/fees/fee-ratio-total-investment-volume.spec.ts
@@ -0,0 +1,68 @@
+import { ExchangeRateDataService } from '@ghostfolio/api/services/exchange-rate-data/exchange-rate-data.service';
+import { I18nService } from '@ghostfolio/api/services/i18n/i18n.service';
+
+import { FeeRatioTotalInvestmentVolume } from './fee-ratio-total-investment-volume';
+
+describe('FeeRatioTotalInvestmentVolume', () => {
+  let getTranslation: jest.Mock;
+  let i18nService: I18nService;
+
+  beforeEach(() => {
+    getTranslation = jest.fn().mockReturnValue('');
+    i18nService = { getTranslation } as unknown as I18nService;
+  });
+
+  function evaluate({
+    fees,
+    thresholdMax,
+    totalInvestmentVolumeInBaseCurrency
+  }: {
+    fees: number;
+    thresholdMax: number;
+    totalInvestmentVolumeInBaseCurrency: number;
+  }) {
+    const rule = new FeeRatioTotalInvestmentVolume({
+      fees,
+      i18nService,
+      totalInvestmentVolumeInBaseCurrency,
+      exchangeRateDataService: null as unknown as ExchangeRateDataService,
+      languageCode: 'en'
+    });
+
+    const { value } = rule.evaluate({
+      thresholdMax,
+      baseCurrency: 'USD',
+      isActive: true,
+      locale: 'en-US'
+    });
+
+    return {
+      placeholders: getTranslation.mock.calls[0][0].placeholders,
+      value
+    };
+  }
+
+  it('reports the fee ratio and the threshold when the threshold is exceeded', () => {
+    // The fees are 10% of the investment volume, against a 1% threshold.
+    const { placeholders, value } = evaluate({
+      fees: 100,
+      thresholdMax: 0.01,
+      totalInvestmentVolumeInBaseCurrency: 1000
+    });
+
+    expect(value).toBe(false);
+    expect(placeholders).toEqual({ feeRatio: '10.0', thresholdMax: '1.00' });
+  });
+
+  it('reports the fee ratio and the threshold when the threshold is not exceeded', () => {
+    // The fees are 1% of the investment volume, against a 10% threshold.
+    const { placeholders, value } = evaluate({
+      fees: 10,
+      thresholdMax: 0.1,
+      totalInvestmentVolumeInBaseCurrency: 1000
+    });
+
+    expect(value).toBe(true);
+    expect(placeholders).toEqual({ feeRatio: '1.00', thresholdMax: '10.00' });
+  });
+});
diff --git a/apps/api/src/models/rules/fees/fee-ratio-total-investment-volume.ts b/apps/api/src/models/rules/fees/fee-ratio-total-investment-volume.ts
index 551ad9cbf2..91db46d830 100644
--- a/apps/api/src/models/rules/fees/fee-ratio-total-investment-volume.ts
+++ b/apps/api/src/models/rules/fees/fee-ratio-total-investment-volume.ts
@@ -44,8 +44,8 @@ export class FeeRatioTotalInvestmentVolume extends Rule<Settings> {
           id: 'rule.feeRatioTotalInvestmentVolume.false',
           languageCode: this.getLanguageCode(),
           placeholders: {
-            feeRatio: (ruleSettings.thresholdMax * 100).toFixed(2),
-            thresholdMax: (feeRatio * 100).toPrecision(3)
+            feeRatio: (feeRatio * 100).toPrecision(3),
+            thresholdMax: (ruleSettings.thresholdMax * 100).toFixed(2)
           }
         }),
         value: false