Cards like Counterspell in Masters Edition IV:

False Summoning

False Summoning

Instant

Counter target creature spell.

6.4 /10
$0.46
Blue Elemental Blast

Blue Elemental Blast

Instant

Choose one

Counter target red spell.

Destroy target red permanent.

3.8 /10
$5.05
Word of Command

Word of Command

Instant

Look at target opponent's hand and choose a card from it. You control that player until Word of Command finishes resolving. The player plays that card if able. While doing so, the player can activate mana abilities only if they're from lands he or she controls and only if mana they produce is spent to activate other mana abilities of lands he or she controls and/or play that card. If the chosen card is cast as a spell, you control the player while that spell is resolving.

9.9 /10
~$172
Fork

Fork

Instant

Copy target instant or sorcery spell, except that the copy is red. You may choose new targets for the copy.

9.9 /10
~$116
Divine Offering

Divine Offering

Instant

Destroy target artifact. You gain life equal to its converted mana cost.

2.2 /10
$0.19
Terror

Terror

Instant

Destroy target nonartifact, nonblack creature. It can't be regenerated.

6.1 /10
$1.48
Gorilla War Cry

Gorilla War Cry

Instant

Cast Gorilla War Cry only during combat before blockers are declared.

All creatures gain menace until end of turn. (They can't be blocked except by two or more creatures.)

Draw a card at the beginning of the next turn's upkeep.

3.8 /10
$0.19
Eye for an Eye

Eye for an Eye

Instant

The next time a source of your choice would deal damage to you this turn, instead that source deals that much damage to you and Eye for an Eye deals that much damage to that source's controller.

9 /10
$2.49
Braingeyser

Braingeyser

Sorcery

Target player draws X cards.

9.9 /10
~$246
Drain Power

Drain Power

Sorcery

Target player activates a mana ability of each land he or she controls. Then put all mana from that player's mana pool into yours.

8.2 /10
~$34
Transmute Artifact

Transmute Artifact

Sorcery

Sacrifice an artifact. If you do, search your library for an artifact card. If that card's converted mana cost is less than or equal to the sacrificed artifact's converted mana cost, put it onto the battlefield. If it's greater, you may pay , where X is the difference. If you do, put it onto the battlefield. If you don't, put it into its owner's graveyard. Then shuffle your library.

9.8 /10
~$116
Artifact Blast

Artifact Blast

Instant

Counter target artifact spell.

5.5 /10
$0.25
Red Elemental Blast

Red Elemental Blast

Instant

Choose one

Counter target blue spell.

Destroy target blue permanent.

4.9 /10
~$12
Healing Salve

Healing Salve

Instant

Choose one

Target player gains 3 life.

Prevent the next 3 damage that would be dealt to target creature or player this turn.

5.1 /10
$0.60
Just Fate

Just Fate

Instant

Cast Just Fate only during the declare attackers step and only if you've been attacked this step.

Destroy target attacking creature.

8.2 /10
$0.93
Giant Growth

Giant Growth

Instant

Target creature gets +3/+3 until end of turn.

7.5 /10
$5.63
Swords to Plowshares

Swords to Plowshares

Instant

Exile target creature. Its controller gains life equal to its power.

9 /10
~$47
Blaze of Glory

Blaze of Glory

Instant

Cast Blaze of Glory only during combat before blockers are declared.

Target creature defending player controls can block any number of creatures this turn. It blocks each attacking creature this turn if able.

9.9 /10
~$52
Gravebind

Gravebind

Instant

Target creature can't be regenerated this turn.

Draw a card at the beginning of the next turn's upkeep.

6.7 /10
$0.38
Howl from Beyond

Howl from Beyond

Instant

Target creature gets +X/+0 until end of turn.

2.4 /10
$1.62

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