How do I handle API rate limits and what should I do if I exceed them?

API rate limits are set to ensure fair usage and to protect the performance of the API. To handle API rate limits, follow these guidelines:

Monitor your usage: regularly check your API usage against your rate limits in the 'Usage metrics' section of your FR24 API account dashboard.

Implement throttling: use exponential backoff and retry logic in your application to handle rate limit errors gracefully.

Optimize requests: ensure your requests are efficient and only request the data you need. Avoid making unnecessary API calls.

Upgrade your plan: if you consistently hit rate limits, consider upgrading your subscription to a higher tier with increased limits.

If you exceed your rate limit, you will receive a "429 Too many requests response". When this happens, stop making requests and wait until the rate limit window resets before retrying