Ferrite Recording Studio is described as 'full-featured audio recorder and multi-track editing studio designed for easy, mobile use' and is a Audio Editor in the Audio & Music category. There are more than 10 alternatives to Ferrite Recording Studio for a variety of platforms, including Windows, Mac, Linux, BSD and Windows Phone. Most alternatives are Audio Editors and Audio Recorders. The best alternative is Audacity, which is both free and Open Source. Other great apps like Ferrite Recording Studio are FL Studio (Paid), Reaper (Paid), Ardour (Paid, Open Source) and Tenacity (Free, Open Source).
Audacity is free, open source software for recording and editing sounds. You can use Audacity to record live audio, convert tapes and records, edit sound files, change the speed or pitch of a recording and much more.
FL Studio (originally known as FruityLoops) is a full-featured Digital Audio Workstation (DAW) offering a complete range of professional tools for everything from audio editing and beat creation to advanced arrangement, composition, mixing and mastering.
Ardour is a hard disk recorder and digital audio workstation application. It runs on GNU/Linux, Mac OS X, and Windows. Ardour's intention is to provide digital audio workstation software suitable for professional use.
DarkAudacity is a build/fork of the the well known free sound editor, Audacity, customized with a darker, more modern theme - and a few small tweaks. The audio engine underneath is the same audio engine. The same code powers it. Like Audacity, it is completely free.
AudioMass lets you record, or use your existing audio tracks, and modify them by trimming, cutting, pasting or applying a plethora of effects, from compression and paragraphic equalizers to reverb, delay and distortion fx.