The best replacement for fraps is bandicam.

The best alternatives to fraps are rated as following:
★★★★★  bandicam
★★★★  camtasia
★★★  playclaw
★★★  wegame
★★★  dxtory
★★★  gamecam
★★★  hypercam
★★  camstudio
★★  action
★  xsplit
★  xfire
★  msi afterburner
★  shadowplay
★  obs
★  capture card
★  elgato
★  ezvid
  lolreplay
  overwolf
  d3dgear
  mirillis action
  game cam
  avermedia
  ezvid which is better
  zd
  zdsoft

Your alternative for fraps is not listed? Suggest!
Speaking about fraps, one probably shouldn't forget about facecam.

Other search terms related to fraps and their ratings are:
★★★★★ facecam
★★★★ twitch
★★★ no lag
★★★ league of legends
★★★ runescape
★★★ lag
★ lagging
★ zsnes
You have in mind a companion for fraps and it is not yet here? Propose!



Google Trends

Scale is based on the average worldwide traffic of fraps in all years. Click on graph for more.
fraps
bandicam
camtasia