diff --git a/CryptoExchange.Net/Clients/SocketApiClient.cs b/CryptoExchange.Net/Clients/SocketApiClient.cs
index c2ee56a..e92572c 100644
--- a/CryptoExchange.Net/Clients/SocketApiClient.cs
+++ b/CryptoExchange.Net/Clients/SocketApiClient.cs
@@ -519,6 +519,7 @@ namespace CryptoExchange.Net.Clients
             var socket = CreateSocket(connectionAddress.Data!);
             var socketConnection = new SocketConnection(_logger, this, socket, address);
             socketConnection.UnhandledMessage += HandleUnhandledMessage;
+            socketConnection.ConnectRateLimitedAsync += HandleConnectRateLimitedAsync;
             socketConnection.DedicatedRequestConnection = dedicatedRequestConnection;
 
             foreach (var ptg in PeriodicTaskRegistrations)
@@ -538,6 +539,19 @@ namespace CryptoExchange.Net.Clients
         {
         }
 
+        /// <summary>
+        /// Process connect rate limited
+        /// </summary>
+        protected async virtual Task HandleConnectRateLimitedAsync()
+        {
+            if (ClientOptions.RateLimiterEnabled && RateLimiter is not null && ClientOptions.ConnectDelayAfterRateLimited is not null)
+            {
+                var retryAfter = DateTime.UtcNow.Add(ClientOptions.ConnectDelayAfterRateLimited.Value);
+                _logger.AddingRetryAfterGuard(retryAfter);
+                await RateLimiter.SetRetryAfterGuardAsync(retryAfter, RateLimiting.RateLimitItemType.Connection).ConfigureAwait(false);
+            }
+        }
+
         /// <summary>
         /// Connect a socket
         /// </summary>
diff --git a/CryptoExchange.Net/Interfaces/IWebsocket.cs b/CryptoExchange.Net/Interfaces/IWebsocket.cs
index f38f917..b1e75cb 100644
--- a/CryptoExchange.Net/Interfaces/IWebsocket.cs
+++ b/CryptoExchange.Net/Interfaces/IWebsocket.cs
@@ -27,6 +27,10 @@ namespace CryptoExchange.Net.Interfaces
         /// </summary>
         event Func<int, Task>? OnRequestRateLimited;
         /// <summary>
+        /// Connection was ratelimited and couldn't be established
+        /// </summary>
+        event Func<Task>? OnConnectRateLimited;
+        /// <summary>
         /// Websocket error event
         /// </summary>
         event Func<Exception, Task> OnError;
diff --git a/CryptoExchange.Net/Logging/Extensions/SocketApiClientLoggingExtension.cs b/CryptoExchange.Net/Logging/Extensions/SocketApiClientLoggingExtension.cs
index 3590a17..c8e553a 100644
--- a/CryptoExchange.Net/Logging/Extensions/SocketApiClientLoggingExtension.cs
+++ b/CryptoExchange.Net/Logging/Extensions/SocketApiClientLoggingExtension.cs
@@ -22,6 +22,7 @@ namespace CryptoExchange.Net.Logging.Extensions
         private static readonly Action<ILogger, Exception?> _disposingSocketClient;
         private static readonly Action<ILogger, int, int, Exception?> _unsubscribingSubscription;
         private static readonly Action<ILogger, int, Exception?> _reconnectingAllConnections;
+        private static readonly Action<ILogger, DateTime, Exception?> _addingRetryAfterGuard;
 
         static SocketApiClientLoggingExtension()
         {
@@ -104,6 +105,11 @@ namespace CryptoExchange.Net.Logging.Extensions
                 LogLevel.Information,
                 new EventId(3017, "ReconnectingAll"),
                 "Reconnecting all {ConnectionCount} connections");
+
+            _addingRetryAfterGuard = LoggerMessage.Define<DateTime>(
+                LogLevel.Warning,
+                new EventId(3018, "AddRetryAfterGuard"),
+                "Adding RetryAfterGuard ({RetryAfter}) because the connection attempt was rate limited");
         }
 
         public static void FailedToAddSubscriptionRetryOnDifferentConnection(this ILogger logger, int socketId)
@@ -185,5 +191,10 @@ namespace CryptoExchange.Net.Logging.Extensions
         {
             _reconnectingAllConnections(logger, connectionCount, null);
         }
+
+        public static void AddingRetryAfterGuard(this ILogger logger, DateTime retryAfter)
+        {
+            _addingRetryAfterGuard(logger, retryAfter, null);
+        }
     }
 }
diff --git a/CryptoExchange.Net/Objects/Options/SocketExchangeOptions.cs b/CryptoExchange.Net/Objects/Options/SocketExchangeOptions.cs
index f67200f..5588bea 100644
--- a/CryptoExchange.Net/Objects/Options/SocketExchangeOptions.cs
+++ b/CryptoExchange.Net/Objects/Options/SocketExchangeOptions.cs
@@ -47,6 +47,12 @@ namespace CryptoExchange.Net.Objects.Options
         /// </summary>
         public TimeSpan DelayAfterConnect { get; set; } = TimeSpan.Zero;
 
+        /// <summary>
+        /// This delay is used to set a RetryAfter guard on the connection after a rate limit is hit on the server. 
+        /// This is used to prevent the client from reconnecting too quickly after a rate limit is hit.
+        /// </summary>
+        public TimeSpan? ConnectDelayAfterRateLimited { get; set; }
+
         /// <summary>
         /// Create a copy of this options
         /// </summary>
diff --git a/CryptoExchange.Net/RateLimiting/Guards/RetryAfterGuard.cs b/CryptoExchange.Net/RateLimiting/Guards/RetryAfterGuard.cs
index b09763f..23a9fdc 100644
--- a/CryptoExchange.Net/RateLimiting/Guards/RetryAfterGuard.cs
+++ b/CryptoExchange.Net/RateLimiting/Guards/RetryAfterGuard.cs
@@ -21,25 +21,35 @@ namespace CryptoExchange.Net.RateLimiting.Guards
         public string Name => "RetryAfterGuard";
 
         /// <inheritdoc />
-        public string Description => $"Pause requests until after {After}";
+        public string Description => $"Pause {Type} until after {After}";
 
         /// <summary>
         /// The timestamp after which requests are allowed again
         /// </summary>
         public DateTime After { get; private set; }
 
+        /// <summary>
+        /// The type of rate limit item this guard is for
+        /// </summary>
+        public RateLimitItemType Type { get; private set; }
+
         /// <summary>
         /// ctor
         /// </summary>
         /// <param name="after"></param>
-        public RetryAfterGuard(DateTime after)
+        /// <param name="type"></param>
+        public RetryAfterGuard(DateTime after, RateLimitItemType type)
         {
             After = after;
+            Type = type;
         }
 
         /// <inheritdoc />
         public LimitCheck Check(RateLimitItemType type, RequestDefinition definition, string host, string? apiKey, int requestWeight)
         {
+            if (type != Type)
+                return LimitCheck.NotApplicable;
+
             var dif = (After + _windowBuffer) - DateTime.UtcNow;
             if (dif <= TimeSpan.Zero)
                 return LimitCheck.NotApplicable;
diff --git a/CryptoExchange.Net/RateLimiting/Interfaces/IRateLimitGate.cs b/CryptoExchange.Net/RateLimiting/Interfaces/IRateLimitGate.cs
index eb1d754..536ebd6 100644
--- a/CryptoExchange.Net/RateLimiting/Interfaces/IRateLimitGate.cs
+++ b/CryptoExchange.Net/RateLimiting/Interfaces/IRateLimitGate.cs
@@ -29,8 +29,9 @@ namespace CryptoExchange.Net.RateLimiting.Interfaces
         /// Set a RetryAfter guard, can be used when a server rate limit is hit and a RetryAfter header is specified
         /// </summary>
         /// <param name="retryAfter">The time after which requests can be send again</param>
+        /// <param name="type">RateLimitType</param>
         /// <returns></returns>
-        Task SetRetryAfterGuardAsync(DateTime retryAfter);
+        Task SetRetryAfterGuardAsync(DateTime retryAfter, RateLimitItemType type = RateLimitItemType.Request);
 
         /// <summary>
         /// Returns the 'retry after' timestamp if set
diff --git a/CryptoExchange.Net/RateLimiting/RateLimitGate.cs b/CryptoExchange.Net/RateLimiting/RateLimitGate.cs
index ebde779..c73ea67 100644
--- a/CryptoExchange.Net/RateLimiting/RateLimitGate.cs
+++ b/CryptoExchange.Net/RateLimiting/RateLimitGate.cs
@@ -152,7 +152,7 @@ namespace CryptoExchange.Net.RateLimiting
         }
 
         /// <inheritdoc />
-        public async Task SetRetryAfterGuardAsync(DateTime retryAfter)
+        public async Task SetRetryAfterGuardAsync(DateTime retryAfter, RateLimitItemType type)
         {
             await _semaphore.WaitAsync().ConfigureAwait(false);
 
@@ -160,7 +160,7 @@ namespace CryptoExchange.Net.RateLimiting
             {
                 var retryAfterGuard = _guards.OfType<RetryAfterGuard>().SingleOrDefault();
                 if (retryAfterGuard == null)
-                    _guards.Add(new RetryAfterGuard(retryAfter));
+                    _guards.Add(new RetryAfterGuard(retryAfter, type));
                 else
                     retryAfterGuard.UpdateAfter(retryAfter);
             }
diff --git a/CryptoExchange.Net/Sockets/CryptoExchangeWebSocketClient.cs b/CryptoExchange.Net/Sockets/CryptoExchangeWebSocketClient.cs
index cd96adb..3c0a445 100644
--- a/CryptoExchange.Net/Sockets/CryptoExchangeWebSocketClient.cs
+++ b/CryptoExchange.Net/Sockets/CryptoExchangeWebSocketClient.cs
@@ -116,6 +116,9 @@ namespace CryptoExchange.Net.Sockets
         /// <inheritdoc />
         public event Func<int, Task>? OnRequestRateLimited;
 
+        /// <inheritdoc />
+        public event Func<Task>? OnConnectRateLimited;
+
         /// <inheritdoc />
         public event Func<Exception, Task>? OnError;
 
@@ -186,6 +189,9 @@ namespace CryptoExchange.Net.Sockets
                     socket.Options.SetBuffer(_receiveBufferSize, _sendBufferSize);
                 if (Parameters.Proxy != null)
                     SetProxy(socket, Parameters.Proxy);
+                #if NET6_0_OR_GREATER
+                socket.Options.CollectHttpResponseDetails = true;
+                #endif
             }
             catch (PlatformNotSupportedException)
             {
@@ -220,6 +226,26 @@ namespace CryptoExchange.Net.Sockets
                     // if _ctsSource was canceled this was already logged
                     _logger.SocketConnectionFailed(Id, e.Message, e);
                 }
+
+                if (e is WebSocketException we)
+                {
+                    #if (NET6_0_OR_GREATER)
+                    if (_socket.HttpStatusCode == HttpStatusCode.TooManyRequests)
+                    {
+                        await (OnConnectRateLimited?.Invoke() ?? Task.CompletedTask).ConfigureAwait(false);
+                        return new CallResult(new ServerRateLimitError(we.Message));
+                    }
+                    #else
+                    // ClientWebSocket.HttpStatusCode is only available in .NET6+ https://learn.microsoft.com/en-us/dotnet/api/system.net.websockets.clientwebsocket.httpstatuscode?view=net-8.0
+                    // Try to read 429 from the message instead
+                    if (we.Message.Contains("429"))
+                    {
+                        await (OnConnectRateLimited?.Invoke() ?? Task.CompletedTask).ConfigureAwait(false);
+                        return new CallResult(new ServerRateLimitError(we.Message));
+                    }
+                    #endif
+                }
+
                 return new CallResult(new CantConnectError());
             }
 
diff --git a/CryptoExchange.Net/Sockets/SocketConnection.cs b/CryptoExchange.Net/Sockets/SocketConnection.cs
index 20e2928..4018574 100644
--- a/CryptoExchange.Net/Sockets/SocketConnection.cs
+++ b/CryptoExchange.Net/Sockets/SocketConnection.cs
@@ -71,6 +71,11 @@ namespace CryptoExchange.Net.Sockets
         /// </summary>
         public event Action<IMessageAccessor>? UnhandledMessage;
 
+        /// <summary>
+        /// Connection was rate limited and couldn't be established
+        /// </summary>
+        public Func<Task>? ConnectRateLimitedAsync;
+
         /// <summary>
         /// The amount of subscriptions on this connection
         /// </summary>
@@ -222,6 +227,7 @@ namespace CryptoExchange.Net.Sockets
             _socket.OnStreamMessage += HandleStreamMessage;
             _socket.OnRequestSent += HandleRequestSentAsync;
             _socket.OnRequestRateLimited += HandleRequestRateLimitedAsync;
+            _socket.OnConnectRateLimited += HandleConnectRateLimitedAsync;
             _socket.OnOpen += HandleOpenAsync;
             _socket.OnClose += HandleCloseAsync;
             _socket.OnReconnecting += HandleReconnectingAsync;
@@ -385,6 +391,16 @@ namespace CryptoExchange.Net.Sockets
             return Task.CompletedTask;
         }
 
+        /// <summary>
+        /// Handler for whenever a connection was rate limited and couldn't be established
+        /// </summary>
+        /// <returns></returns>
+        protected async virtual Task HandleConnectRateLimitedAsync()
+        {
+             if (ConnectRateLimitedAsync is not null)
+                await ConnectRateLimitedAsync().ConfigureAwait(false);
+        }
+
         /// <summary>
         /// Handler for whenever a request is sent over the websocket
         /// </summary>
diff --git a/CryptoExchange.Net/Testing/Implementations/TestSocket.cs b/CryptoExchange.Net/Testing/Implementations/TestSocket.cs
index f2806e6..b65cfa3 100644
--- a/CryptoExchange.Net/Testing/Implementations/TestSocket.cs
+++ b/CryptoExchange.Net/Testing/Implementations/TestSocket.cs
@@ -20,6 +20,7 @@ namespace CryptoExchange.Net.Testing.Implementations
         public event Func<Task>? OnReconnected;
         public event Func<Task>? OnReconnecting;
         public event Func<int, Task>? OnRequestRateLimited;
+        public event Func<Task>? OnConnectRateLimited;
         public event Func<Exception, Task>? OnError;
 #pragma warning restore 0067
         public event Func<int, Task>? OnRequestSent;