We study the enhancement of the magneto-optical effect in subdiffraction plasmonic chains. We show that in a periodic chain of the plasmonic nanoparticles embedded in a magneto-optical medium, propagation of a guided mode is accompanied by rotation of electrical dipoles (the Faraday effect). The angle of rotation per 1 μm is two orders of magnitude greater than that in the same bulk magneto-optical medium. We also demonstrate that the effect of Ohmic losses can be significantly reduced by using a gain-assisted chain composed of active core-shell nanoparticles (spasers). The dipole mode in such an array of magneto-optical spasers exhibits high values of the Faraday rotation and propagation length.