I think any ICO is risky, so I will consider its team, technology and project prospects before choosing. I think my careful operation will reduce the risk.
Investment is always risky, There is no such investment offering no risk and if see one then you must avoid it. It's easy to say that you must consider reviewing the team, technology and etc. But it's very hard to search for a supporting documents to verify the portfolio of the team and etc because all info available on the net can be fake. The only thing you can guarantee a review is if you are living same country with them.