We report on a giant Faraday effect in an electron plasma in n- InSb probed via polarization-resolved terahertz (THz) time-domain spectroscopy. Polarization rotation angles and ellipticities reach as large as π/2 and 1, respectively, over a wide frequency range (0.3-2.5 THz) at magnetic fields of a few Tesla. The experimental results together with theoretical simulations show its promising ability to construct broadband and tunable THz polarization optics, such as a circular polarizer, half-wave plate, and polarization modulators.