Fraps still caps mine even if I uncheck all the "lock framerate" related stuff. It just limits it to whatever I am recording on. Right now I do 60FPS. The file size is huge though. I wouldn't do that if you are on a laptop. I was recording a Civilization IV game with a few friends and the file size was well over 400GB. I doubt your laptop has enough space to even do that.
More on topic, if you have tried selecting 60FPS instead of 30 and it is still under 30, it is probably your PCs fault. It isn't that powerful. The 660M is fairly weak.
Alternatively it could be your HDD. If it is only a 5400RPM, it could be limiting your FPS.
Try recording with Bandicam instead. It has much smaller file sizes and shouldn't stress your HDD as much.
I agree with you, the 660M should be fine however, but usually with fraps the Hard Drive and CPU is the Culprit, try dropping the res too. May help a bit.